The board of directors of New City Development Group Limited announced that on 28 April 2023, the Board received a notice from Mr. Wong Pak Wing ("Mr. Wong") notifying the Board that due to his other business commitments, he has decided not to offer himself for re-election upon his retirement by rotation as an independent non-executive Director with effect from the conclusion of the forthcoming annual general meeting of the Company to be held on or around 5 June 2023.