The Board of Directors of Lam Soon (Hong Kong) Limited announced that Mr. Christian Karl NOTHHAFT will be appointed as a Non-Executive Director of the Company with effect from 18 April 2024. Mr. Nothhaft, aged 58, graduated from Munich University of Applied Science in Germany with a Bachelor of Arts Degree in Hospitality and Tourism Management and also holds a Human Resources /Payroll Management Degree from DGFP (German Association for Human Resource Management). He has also attended the Harvard University YPO Presidents Program.

He has extensive experience in business management and advisory, strategic planning, retail, consumer products, network rollouts, e-commerce, digital transformation, people management, ESG and compliance. Mr. Nothhaft is currently an Executive Director and Chief Executive Officer of Guoco Group Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited) and a subsidiary of the Hong Leong Group (of which the Company is a member). He is also an independent non-executive director of DFI Retail Group Holdings Limited, with primary listing on London Stock Exchange and secondary listings in Singapore and Bermuda.

Mr. Nothhaft was the Chief Executive Officer of Watsons Personal Care Stores, China and the managing director of Watsons Wine and Fortress Hong Kong. Before that, he was the regional managing director of Movenpick (Asia Restaurants Group). The Board of the Company would like to announce that Mr. CHEW Seong Aun will retire from his position as Non-Executive Director of the Company with effect from 15 May 2024.

Mr. Chew confirmed that he has no disagreement with the Board and that there is no matter relating to his retirement that needs to be brought to the attention of the Shareholders and the Stock Exchange.