The board of directors of AV Concept Holdings Limited announced that Ms. Au-Yeung Kit Ping (Ms. Au-Yeung) has been appointed as an independent non-executive Director, the chairman of the nomination committee (the "Nomination Committee"), and a member of each of the audit committee (the "Audit Committee"), the remuneration committee (the "Remuneration Committee") and the corporate governance committee (the "Corporate Governance Committee") of the Company with effect from 5 January 2024. Ms. Au-Yeung, aged 55, has 27 years of international business experience with multinational corporations. She joined Coats Plc ("Coats"), a UK public listed company and the world's leading industrial thread manufacturer serving the Apparel, Footwear and Speciality markets in 1994. During her 25 years tenure with Coats, Ms. Au-Yeung held various senior leadership positions as the Global Commercial Director, Regional Chief Executive North-East Asia, Managing Director Vietnam, Cambodia and Laos, Sales & Marketing Director across different regions and continents. She subsequently joined Amann Group, headquartered in Germany serving the apparel and automotive industries with worldwide operations as the Chief Commercial Officer, Global Apparel & Specialty from 2020 to 2021. Ms. Au-Yeung has over two decades of board experience as an executive and non-executive director for various organizations. She has been the founder and director of UTransform Life and Business Limited in Hong Kong since 2022, and appointed as an Independent Non-Executive Director of IOP Publishing Limited in 2023. Ms. Au-Yeung obtained a Bachelor's Degree in Business Administration with honours from the Chinese University of Hong Kong in 1991, and a Master's Degree in Business Administration in Murdoch University at Perth, Western Australia in 1994. She was accredited the Financial Times Level
7 Advanced Professional Diploma, a formal post-graduate qualification for non-executive directors in 2022. Ms. Au-Yeung is also a certified Fellow of the Hong Kong Institute of Directors. Following the appointment of Ms. Au-Yeung as an independent non-executive Director, the chairman of
the Nomination Committee and a member of each of the Audit Committee, the Remuneration Committee and the Corporate Governance Committee, the Company is in compliance with the requirements on the minimum number of independent non-executive Directors, the minimum number of members of the Audit Committee, and having the Nomination Committee chaired by an independent non-executive Director under Rules 3.10(1), 3.21 and 3.27A of the Listing Rules.