Herald Holdings Limited announces that with effect from 1 September 2023:- Mr. Shum Kam Hung will retire as an executive director and the Managing Director of the Company. Upon his retirement, Mr. Shum will also cease to be a member of the Remuneration Committee and an authorized representative of the Company; Mr. Lai Man Pun will be appointed as an executive director, the Managing Director, a member of the Remuneration Committee and an authorized representative of the Company; and Mr. Lai Chi Kin, William will be appointed as the Company Secretary of the Company. Mr. Lai Man Pun, aged 39, joined the Group as financial controller in 2015.

He is the Company Secretary of the Company and the Deputy Managing Director of Herald Datanetics Limited, a subsidiary of the Company. Mr. Lai holds a Bachelor's degree in Business Administration from The Chinese University of Hong Kong and is a member of the Hong Kong Institute of Certified Public Accountants and The Hong Kong Chartered Governance Institute. He has extensive experience in financial reporting, auditing and internal control.

Prior to joining the Group, Mr. Lai had worked for an international accounting firm for 9 years. Mr. Lai has not held any directorship in other listed public companies in the past three years. Mr. Lai Chi Kin, William holds a Bachelor of Science degree in Operations Research from Columbia University and a Master's degree in Business Administration from The Hong Kong University of Science and Technology.

He is a member of the Hong Kong Institute of Certified Public Accountants. Mr. Lai Chi Kin, William has extensive experience in financial reporting, auditing and internal control and has been the financial controller of the Group since 2018. Prior to joining the Group, Mr. Lai Chi Kin, William has worked for an international accounting firm and a listed company for 6 years and 4 years respectively.