SJM Holdings Limited announced cessation of Dr. So Shu Fai as Chief Executive Officer. After 21 years with the Company and its subsidiaries including 16 years as Executive Director and Chief Executive Officer and 5 years as Vice-Chairman, Dr. So has decided not to seek re-election as a director of the Company at the 2023 AGM. Dr. So has confirmed that he has no disagreement with the Board and is not aware of any matters in relation to his retirement as Vice-Chairman, Executive Director and Chief Executive Officer of the Company that needs to be brought to the attention of the shareholders of the Company.