The board of directors of Pico Far East Holdings Limited is announced that Mr. Kenneth Kent Ho is appointed as an independent non-executive director and a member of the audit committee and the nomination committee of the Company with effect from November 20, 2023 in accordance with the Articles of Association of the Company. Mr. Ho, aged 56, is the Founder and Managing Partner of Carret Private Investments Ltd. and the Chief Executive of its main operating subsidiary, Carret Private Capital Limited, which is a Hong Kong registered Type 1, 4, and 9 firm regulated by the Securities and Futures Commission of Hong Kong. Carret Private is a renowned boutique multi-family office providing wealth management, principal investing and corporate advisory services to select high net worth families and individuals throughout Asia.

Mr. Ho has worked in the banking industry for over 25 years, the last 15 of which in private wealth management. He is recognised as a forefather of wealth management's open-architecture model and an entrepreneur who helped to set up two of Asia's largest wealth management platforms - Credit Suisse and Bank Julius Baer. In 2020, he was selected by an independent panel of industry veterans as the "Outstanding Individual" in wealth management at the fifth annual Wealthbriefing Asia Greater China Awards.

Prior to Carret Private, Mr. Ho was with Julius Baer where he was one of the core regional executive board members who established the Asian franchise in 2006. Prior to Julius Baer, he was on the regional executive committee and Head of Products for Credit Suisse Hong Kong. He began his career as an investment banker at Salomon Brothers after, working as a consultant at McKinsey & Co.

Inc. Mr. Ho earned his Master's of Business Administration degree from the University of Chicago Booth School of Business and is an active participant in the Asian business community. He sits on the boards of numerous companies, including being a Board Director of Lumen Capital Investors Pte Ltd, a Monetary Authority of Singapore regulated financial entity in Singapore, a Board Director for the Children's Medical Foundation Limited, a member of Board for the Mary Rose School and a member of the Church Council of Christ Church Hong Kong. He is a founder and Vice Chairman of the Family Office Association of Hong Kong.

Mr. Ho has a Bachelors Degree from James Madison University.