The board of directors of Four Seas Mercantile Holdings Limited announced the following changes to the board. Ms. Leung Mei Han (Ms. Leung) has tendered her resignation as an independent non-executive Director and will concurrently cease to be the chairperson of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee of the Board with effect from 1 April 2023 due to her other business commitments. Following her resignation, the company will engage Ms. Leung as an adviser to the Group.

The board further announce that Mr. Cheung Wing Choi (Mr. Cheung) has been appointed as an independent non-executive Director, the chairman of the Audit Committee, and a member of each of the Nomination Committee and the Remuneration Committee of the Board with effect from 1 April 2023. The biographical details of Mr. Cheung is set out below: Mr. Cheung, aged 68, holds a Bachelor of Commerce degree and a Postgraduate Diploma in Information Processing from University of Queensland in Australia. He is a fellow member of the Hong Kong Institute of Certified Public Accountants, an associate member of the Chartered Institute of Management Accountants in the United Kingdom and a Chartered Global Management Accountant.

He has over 30 years of professional and commercial experience both in Hong Kong and Australia. Mr. Cheung is currently an independent non-executive director of Hong Kong Food Investment Holdings Limited, a substantial shareholder of the Company and is listed on the Main Board of the Stock Exchange. Mr. Cheung has not held any directorship in other listed companies in Hong Kong or overseas in the three years preceding the date of this announcement; he does not hold any other positions with members of the Group; Mr. Cheung does not have any relationship with any directors, senior management, substantial or controlling shareholders (having the meaning ascribed to it under the Listing Rules) of the Company; and (iv) there is no other information that need to be disclosed pursuant to the requirements of Rules 13.51(2)(h) to (v) of the Listing Rules nor there are any other matters that need to be brought to the attention of the Shareholders in relation to the appointment of Mr. Cheung.