The Board of Directors of Cordlife Group Limited announced the appointment of Mr. Yiu Pang Fai as the Group Chief Executive Officer of the Company with effect from 19 February 2024. Mr. Yiu has a strong background in finance and investment management and has been instrumental in evaluating investment opportunities, managing portfolio assets, and driving strategic growth initiatives. Prior to his appointment at the Company, Mr. Yiu served as the Executive Director of TransGlobal Group's Family Office division in Hong Kong.

TransGlobal Group is a prominent company specialising in real estate development and operation, and infrastructure construction and operation in Hong Kong and Mainland China. In this role, Mr. Yiu played a pivotal role in overseeing the evaluation of new investment opportunities and managing portfolio assets on a day-to-day basis. Additionally, he held executive positions at Popular Holdings Limited, and Sichuan Chengmian Expressway Co.

Ltd., and Hebei Shitai Expressway Co. Ltd. Before joining TransGlobal Group, Mr. Yiu served as an Investment Manager at Macquarie Infrastructure and Real Assets in Singapore, where he played a pivotal role in the Asia Pacific investment team. His responsibilities included evaluating infrastructure opportunities, managing funds and assets, and executing high-profile deals such as the acquisition of Oiltanking Singapore Chemical Storage Pte Ltd, an independent tank storage provider for petrochemical products, and Energy Development Corporation, the largest producer of geothermal energy in the Philippines.

Mr. Yiu holds a Bachelor of Science in Business Administration with a focus on Finance and Business Economics from the University of Southern California. In view of Mr. Yiu's appointment, the Company and Ms Tan Poh Lan have agreed that the effective date of cessation of her appointment as the Group Chief Executive Officer of the Company shall take effect on 19 February 2024.