Kin Yat Holdings Limited announced with reference is made to the announcement dated 13 September 2022 in relation to the passing away of the late Mr. Cheng Kwok Kin, Paul, an independent non-executive director of the Company, the chairman of the remuneration committee and a member of the audit committee and the nomination committee to the board of the directors of the Company. Immediately following the passing away of the late Mr. Paul Cheng, the chairmanship of the Remuneration Committee has become vacant which is in contrary to the requirements under Rule 3.25 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The Board announced that Mr. Cheung Wang Ip, an existing independent non-executive Director and member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, has been appointed as the chairman of the Remuneration Committee with effect from 20 September 2022.