King Fook Holdings Limited announced that with effect from 24 April 2023: Ms. Veronica Ho ("Ms. Ho") has been appointed as a non-executive director of the Company; and Mr. Ho Hau Hay, Hamilton ("Mr. Ho"), an independent non-executive director of the Company, has been re-designated as a non-executive director of the Company. Ms. Ho, aged 40, obtained her bachelor's degree in Media and Communications Management and Accelerated Food and Beverage Operations Certificate from New York University in the United States of America, and attended Chinese Culture Studies and Media Studies at Tsinghua University in Beijing, China. She is a director of Tak Hung (Holding) Company Limited ("Tak Hung"), an investment and property holding company in which it holds a number of subsidiaries, properties and securities investment.

Ms. Ho has experience in marketing, leasing and property management of the company owned properties and the main operations of Tak Hung. She also has been recently appointed as a member of the Hospital Governing Committee of Pok Oi Hospital. She is the daughter of Mr. Ho.

Mr. Ho, aged 72, is an executive director of Tak Hung. He is deemed to be interested in 6,657,000 shares of the Company within the meaning of Part XV of the SFO, such shares being held by Tak Hung in which he has a 40% interest. Mr. Ho was an independent non- executive director of New World Development Company Limited, a company listed on the Main Board of the Stock Exchange, until 30 November 2022.

He was appointed as a director of the Company in 2004 and re-designated as an independent non-executive director of the Company on 29 June 2012.