The board of directors of Le Saunda Holdings Limited announce that Ms. Chan Kit Yin ("Ms. Chan") has been appointed as an independent non-executive director of the Company ("INED") with effect from 28 August 2023. This appointment is in consideration of the recommendation of the nomination committee of the Board (the "Nomination Committee"). The nomination was made in accordance with the nomination policy of the Company and the board diversity policy of the Company.

The Nomination Committee has assessed the independence of Ms. Chan as an INED and was satisfied with her independence with reference to the criteria as set out in Rule 3.13 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules"). Ms. Chan, aged 51, has been a solicitor practising in Hong Kong for over 25 years. She is a partner of a law firm in Hong Kong, of which Mr. Hui Chi Kwan, an INED of the Company, had been a partner before he retired from the partnership in 2007 and currently remains as a consultant.

Ms. Chan graduated from The University of Hong Kong with a Bachelor's degree in Laws in 1994 and obtained a Postgraduate Certificate in Laws from The University of Hong Kong in 1996. Ms. Chan is a member of The Law Society of Hong Kong. Ms. Chan has entered into a service contract with the Company (the "Service Agreement") for a term of two years which may be terminated by either party by giving three-months' written notice or in accordance with other terms thereof.

Ms. Chan will hold office only until the first annual general meeting of the Company after her appointment and shall be eligible for re-election and will be subject to retirement by rotation and re-election at an annual general meeting of the Company at least once every three years in accordance with the Bye-laws of the Company. The Board further announces that Ms. Chan has been appointed as a member of each of the audit committee of the Board, the Nomination Committee and the Remuneration Committee, all with effect from 28 August 2023. The Board would like to express its warm welcome to Ms. Chan for joining the Company as an INED.