Golden Resources Development International Limited announced that, with effect from 18 April 2023, Mr. Anthony LAM Sai Ho ("Mr. LAM"), currently the Vice Chairman of the Board, an executive director and Chief Executive Officer of the Company, has been redesignated from Chief Executive Officer to Group Chief Executive Officer of the Company and Mr. LAM shall continue to serve as the Vice Chairman of the Board and executive director of the Company. Mr. LAM, aged 56, graduated from the University of Sydney in Australia, majoring in Economics and Psychology. After graduation, Mr. LAM joined the Merchant Banking Division of the State Bank of New South Wales, and had been extensively involved in the corporate financing and the securitization of assets and mortgages.

Mr. LAM returned to Hong Kong and joined the Group in 1991 and has been appointed in several key senior management positions in Hong Kong and other Asian countries including Vietnam and Thailand. Mr. LAM holds an Executive Master of Business Administration degree from the City University of Hong Kong. Mr. LAM is an Executive Committee Member of the Customer Liaison Group for Rice under the Trade and Industry Department in Hong Kong, and the Executive Committee Member of the Federation of Hong Kong Industries (The Food, Beverages & Tobacco Group).

He had been awarded the Ap Bac Medal from the Vietnam Government in recognition of his contribution to the rice industry in Vietnam. Apart from being active members in different business chambers and associations around the world, Mr. LAM is also a regular speaker in major international conferences. He is also a director of various subsidiaries of the Company.

Save as disclosed above, Mr. LAM does not hold any position with the Company or other members of the Group. Mr. LAM did not act as director in any other listed companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.