The board of directors of Sitoy Group Holdings Limited announced that Mr. Wong Yu Kit (Mr. Wong) has tendered his resignation as the company secretary of the company (the company secretary) with effect from 12 December 2022. Mr. Wong confirmed that he has no disagreement with the Board and there are no matters relating to his above resignation which need to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the company. The board announced that Mr. Cheung Kai Sun (Mr. Cheung) has been appointed as the company secretary in replacement of Mr. Wong with effect from 12 December 2022.

The biographical details of Mr. Cheung are set out as follows: Mr. Cheung has over 20 years of experience in corporate governance, company secretarial matters, financial management, internal control and risk management in multinational enterprise groups. Mr. Cheung holds a bachelor's degree in accountancy from The Hong Kong Polytechnic University and a master's degree in Business Administration (International Management) from the University of London and is a member of the Hong Kong Institute of Certified Public Accountants and is a fellow member of The Association of Chartered Certified Accountants.