New Provenance Everlasting Holdings Limited Announced that Mr. Sin Lik Man will resign as chairman of the Board, chief executive officer, executive director and authorised representative of the Company with effect from 1 October 2022. The Board announced that Mr. Ho Yu-shun, an existing executive director and deputy chief executive officer of the Company, will be appointed as chairman of the Board and authorised representative of the Company under Rule 3.05 of the Listing Rules, and will be re-designated as the chief executive officer of the Company to fill the vacancy arising from the resignation of Mr. Sin with effect from 1 October 2022. Mr. Ho is also a director of several subsidiaries of the Company.

Mr. Ho has been an employee of the Company as its deputy chief executive officer since 1 September 2022 and has been appointed as an executive director of the Company with effect from 19 September 2022. Mr. Ho has over 10 years' experience in the corporate banking and global trading business. Before joining the Group, from August 2011 to January 2016, he worked as an assistant vice president of Bank SinoPac.

He then served as a general manager of Hong Kong Tian Yuan Manganese International Trade Co., Limited from January 2016 to August 2022, and served as a general manager of Taipei Tianyuan Metal International Co. Ltd. from April 2019 to August 2022. Mr. Ho graduated from Tamkang University with a bachelor's degree in civil engineering in 2003 and further obtained a master's degree in business administration from the National Cheng Kung University in 2005.

The Company has signed a letter of appointment with Mr. Ho when he was appointed as an executive director of the Company (the "Letter of Appointment"). Mr. Ho entered into an additional letter of appointment in respect of his redesignation as the chairman of the Board and chief executive officer of the Company. Mr. Ho will not receive any additional remuneration in respect of his redesignation and the Board has resolved to continue with the employment terms in the Letter of Appointment.

Details are set out in the announcements of the Company dated 1 September 2022 and 19 September 2022 respectively. The Board also announces that with effect from 1 October 2022: Mr. Ho will be appointed as a member of each of the remuneration committee of the Company, the risk management committee of the Company and the nomination committee of the Company and Mr. Sin will cease to be a member of each of the Remuneration Committee and the Nomination Committee.