The board of directors of SJM Holdings Limited announced that, as a result of a management re-organisation, Mr. Toh Hup Hock ("Mr. Toh"), currently the Chief Financial Officer of the Company and the Chief Operating Officer (Finance and Development) of SJM Resorts, Limited will be appointed as the Chief Operating Officer of SJM Resorts with effect from 6 December 2023. The Board further announces that Mr. Ip Shih Ming, Christopher will be appointed as the Chief Financial Officer of the Company with effect from 6 December 2023 in view of Mr. Toh's redesignation as Chief Operating Officer of SJM Resorts. Mr. Ip, aged 54, has extensive experience in the businesses of investments, real estate transactions and corporate finance.

Prior to joining the Company, he was an executive director and Chief Financial Officer of The Hongkong and Shanghai Hotels, Limited from January 2021 to March 2023. He had held senior management positions in the Jardine Matheson Group previously, Morgan Stanley and Deutsche Bank respectively. Mr. Ip holds a Bachelor of Arts degree in International Relations from Brown University, U.S.A. and a Master of Business Administration degree from London Business School, the United Kingdom.