The board of Directors of Man Sang International Limited announced that Mr. Xu Haohao (Mr. Xu), a current executive director of the company, has been appointed as the chief executive officer of the company (the “CEO”) with effect from 2 September 2019. Mr. Xu has over 7 years of experience in financial and corporate management and before joining the Company as the executive Director on 30 July 2019, he had been working in Hong Kong Airlines Limited as General Manager, Finance from 2012 to 2014. Mr. Xu had been serving as an executive director of CWT International Limited, from December 2014 to June 2019.