Capital Estate Limited announced that with effect from 13 December 2023, Mr. Tsui has resigned as an executive Director and chairman of the Board; and Mr. Lam Yiu Cho ("Mr. Lam") has resigned as non-executive Director due to their respective wishes to devote more time in other business commitments. The Board would like to take this opportunity to express its gratitude to Mr. Tsui and Mr. Lam for their valuable contributions to the Company during their tenure of service . The Board announced that with effect from 13 December 2023:Ms. Lina Sio has been appointed as an executive Director, chairman of the Board and a member of the nomination committee of the Board; and Ms. Sio Lai Nga has been appointed as a non-executive Director.

Ms. Lina Sio, aged 29, has more than five years of experience in the consumer finance business. She is the founder of the Group 's consumer finance operation since 2017. She is a director and chief executive officer of Grantit Limited and a director of Shiny Rising Limited, which are both subsidiaries of the Company that operates an online lending mobile application and provides consumer finance to customers, respectively.

Ms. Lina Sio obtained a bachelor's degree in information management for business in August 2015 and a master 's degree in technology management in November 2016 from University College London, the United Kingdom. Ms. Lina Sio is the younger sister of Ms. Ali Sio. The Board had considered and accepted the recommendation from the nomination committee of the Board to appoint Ms. Lina Sio as an executive Director, chairman of the Board and a member of the nomination committee of the Board, after reviewing her qualification and working experience.

Ms. Ali Sio, aged 35, has more than eleven years of experience in business management and hotel operations. She had served as a business development officer at Savills Macau Limited from May 2012 to April 2013 and then served as a scheduler and general administrator of Fortuna Jet Aviation Company Limited from May 2013 to June 2016. Ms. Ali Sio has been working at Tin Fok Holding Company Limited, which is the owner of Hotel Fortuna Macau, since July 2016 as its executive director and president.

Ms. Ali Sio has also worked as a project development manager of the Company since 2016. Ms. Ali Sio obtained a bachelor's degree in science from the London School of Economics and Political Science, United Kingdom in July 2010 and a master of arts degree in communication from Hong Kong Baptist University in November 2011. Ms. Ali Sio is the elder sister of Ms. Lina Sio.

The Board considered and accepted the recommendation from the nomination committee of the Board to appoint Ms. Ali Sio as a non-executive Director, after reviewing her qualification and working experience.