Orange Sky Golden Harvest Entertainment (Holdings) Limited announces that Mr. Yeung Ho Nam has tendered his resignation as the chief executive officer of the Group effect from 9 April 2023 as he intends to pursue other career developments. The Board announced that Ms. Chow Sau Fong, Fiona (``Ms. Chow'') is appointed as Co-CEO effective from 11 April 2023. Ms. Chow will be responsible for the Group's corporate strategy, mergers & acquisitions, and business operations and development for non-mainland China region.

Ms. Chow, aged 50, has been appointed as an executive Director since 3 June 2016 and the chief operating officer of the Group (the ``COO'') since 24 April 2015 and is responsible for managing the exhibition businesses of the Group in all territories. She is also a director of certain subsidiaries of the Company and has been assigned as the special assistant to chairman of the Company since 1 October 2010. Ms. Chow was appointed as an executive Director when she first joined the Group on 30 October 2007.

She was also the CFO between 1 January 2008 and December 31, 2008 and the COO between 22 September 2009 to 22 August 2010. On 23 August 2010, Ms. Chow ceased to be the executive Director and the COO due to personal reasons and was re-designated as the managing Director of the China operation of the Company, which focused on the development of theatrical exhibition business in China. She subsequently resigned from the position with effect from 30 September 2010.

Ms. Chow holds a Master of Business Administration degree in Finance and Entrepreneurial Management from the Wharton Business School at the University of Pennsylvania, and an honors Bachelor's degree in Business Administration from the Chinese University of Hong Kong. The Board announced that Mr. Mao Yimin (``Mr. Mao'') is appointed as Co- CEO effective from 11 April 2023. Mr. Mao will be responsible for the Group's corporate strategy, mergers & acquisitions, and business operations and development for mainland China region.

Mr. Mao, aged 45, has been appointed as the China general manager since 14 December 2020 and the investment manager of the Group since 1 May 2022. Mr. Mao was an executive Director during the period from 26 May 2011 to 31 October 2019 and was the CEO during the period from 1 August 2011 to 31 October 2019. Mr. Mao was the CFO during the periods of 6 May 2011 to 1 January 2012 and 17 June 2013 to 7 November 2016 respectively.

He was also a director of certain subsidiaries of the Company. Before joining the Company, Mr. Mao was a senior manager at KPMG Advisory (China) Limited (``KPMG'') who specialized in transaction services and risk management. Mr. Mao has extensive investment advisory and industry-related experience, particularly in manufacturing, retail, media and real estate.

Prior to joining KPMG, Mr. Mao served several large Australian Securities Exchange listed companies, where he had built up strong statutory reporting, financial analysis, and risk control and merger and acquisition experience. Mr. Mao graduated from the University of New South Wales in Australia with a master's degree in commerce in 2003 and he is also a member of the Australian Society of Certified Practising Accountants.