The board of directors of Luks Group (Vietnam Holdings) Company Limited announced that Madam Cheng Cheung (Mdm. Cheng) has resigned as the chief executive officer of the company with effect from 17 January 2023, due to her own wish of reducing workload and duties. Mdm.

Cheng remains as the chairman of the board, an executive director and an authorized Representative of the company under Rule 3.05 of the Listing Rules. The board further announced that Mr. Luk Yan (Mr. Luk Yan), Mr. Luk Fung (Mr. Luk Fung) and Ms. Luk Sze Wan, Monsie (Ms. Luk) have been jointly appointed as the Co-Chief Executive Officer (Co-CEO) of the Company. Mr. Liang Fang, currently a member of the Nomination Committee, has been appointed as the Chairman of the Nomination Committee.

Mr. Luk Yan has been appointed as a member of the Nomination Committee and Ms. Luk has been appointed as a member of the Remuneration Committee of the company with effect from 17 January 2023. The biographical details of Mr. Luk Yan, Mr. Luk Fung and Ms. Luk Sze Wan, Monsie are as follows: Mr. Luk Yan, aged 58, is an executive Director of the Company and has been serving the Group for 33 years. He is the General Manager of Luks Land (Vietnam) Limited.

Mr. Luk Yan also acts in the capacity of director and general manager for a number of subsidiaries of the Group. Mr. Luk Yan has not held any directorship in any public listed companies in the last three years or any other positions with the Group. Mr. Luk Yan is the son of Mdm.

Cheng, the Chairman, an Executive Director and a Substantial Shareholder of the Company. Mr. Luk Yan is also an elder brother of Mr. Luk Fung and Ms. Luk, who are executive Directors of the Company. Mr. Luk Fung, aged 54, is an Executive Director of the Company and has been serving the Group for 23 years.

He is a holder of a MBA degree from The Chinese University of Hong Kong. He has years of experience in the financial services industry prior to joining the Group. Mr. Luk Fung is the General Manager of Luks Cement (Vietnam) Limited.

Mr. Luk Fung also holds directorship in various subsidiaries of the Group. Mr. Luk Fung has not held any directorship in any public listed companies in the last three years or any other positions with the Group. Mr. Luk Fung is the son of Mdm.

Cheng, the Chairman, an Executive Director and a Substantial Shareholder of the Company. Mr. Luk Fung is also a younger brother of Mr. Luk Yan and an elder brother of Ms. Luk, who are Executive Director of the Company. Ms. Luk Sze Wan, Monsie, aged 46, is an Executive Director of the Company and has been serving the Group for over 16 years.

Ms. Luk holds a Bachelor of Arts Degree from The University of Hong Kong. Ms. Luk has been holding the position of the Investor Relations Director, being responsible for investor relations of the Group. Ms. Luk is also in charge of the hotel development project of the Group.

Ms. Luk also holds directorship in various subsidiaries of the Group. Ms. Luk has not held any directorship in any public listed companies in the last three years or any other positions with the Group. Ms. Luk is the daughter of Mdm.

Cheng, the Chairman, an Executive Director and a Substantial Shareholder of the Company. Ms. Luk is also the younger sister of Mr. Luk Yan and Mr. Luk Fung, who are Executive Director of the Company.