Kingmaker Footwear Holdings Limited announced that Mr. Yung Tse Kwong, Steven ("Mr. Yung"), who will retire from office by rotation at the upcoming annual general meeting of the Company to be held on 28 August 2023 (the "AGM") in accordance with the Company's bye-laws, has decided not to offer himself for re-election at the AGM due to his desire to retire and devote more time to his other business and personal affairs. Accordingly, Mr. Yung will retire from his positions as an independent non-executive Director, the chairman of the remuneration committee (the "Remuneration Committee") and a member of the audit committee and the nomination committee of the Board, with effect from the conclusion of the AGM (i.e. 28 August 2023). Mr. Yung has been appointed as an independent non-executive Director since 2006.

Mr. Yung has confirmed that he has no disagreement with the Board and that he is not aware of any matters relating to his retirement that need to be brought to the attention of the shareholders of the Company.