South China Holdings Company Limited announced that Mr. Ng Yuk Fung Peter (Mr. Ng'), a non-executive director, has resigned as a director with effect from 27 June 2024 due to pursuing other business opportunities; Ms. Li Yuen Yu Alice (Ms. Li'), a non-executive Director, retired as a Director by rotation in accordance with Article 116 of the Articles of Association of the Company at the conclusion of the AGM. Ms. Li did not offer herself for re-election at the AGM, and accordingly, she ceased to be a non-executive Director upon the conclusion of the AGM. Following her retirement, Ms. Li also ceased to be a member of each of the audit committee (the audit committee) and the remuneration and nomination committee (the remuneration and nomination committee) of the company; and Mrs. Tse Wong Siu Yin Elizabeth (Mrs. Tse'), an independent non-executive Director, retired as a Director by rotation in accordance with Article 116 of the Articles of Association of the company at the conclusion of the AGM.

Mrs. Tse did not offer herself for re-election at the AGM, and accordingly, she ceased to be an independent non-executive Director upon the conclusion of the AGM. Following her retirement, Mrs. Tse also ceased to be the chairman of the Remuneration and Nomination Committee and a member of the Audit Committee. Following the retirement of Mrs. Tse, the Board announced that Ms. Pong Scarlett Oi Lan, BBS, J.P. (Ms. Pong), an independent non-executive Director, has been appointed as the chairman of the Remuneration and Nomination Committee with effect from the conclusion of the AGM.

With effect from the conclusion of the AGM, the composition of the Audit Committee and the Remuneration and Nomination Committee are as follows: Audit Committee: Mr. Kam Yiu Shing Tony (Committee Chairman); Ms. Pong Scarlett Oi Lan, BBS, J.P.; Mr. Wong Chun Tat, J.P. Remuneration and Nomination Committee: Ms. Pong Scarlett Oi Lan, BBS, J.P. (Committee Chairman); Mr. Kam Yiu Shing Tony; Mr. Wong Chun Tat, J.P.