The board of directors of SJM Holdings Limited announced that Dr. So Shu Fai (Dr. So) ceased to act as an Executive Director of the Company upon his retirement from the Board at the conclusion of the annual general meeting of the Company held on 15 June 2023 (2023 AGM) as he did not seek for re-election. Upon retirement as Executive Director of the Company at the conclusion of the 2023 AGM, Dr. So also ceased to be Vice-Chairman, and a member of Executive Committee, Cotai Project Committee, Nomination Committee and Remuneration Committee of the Board of the Company; and Dr. So has been appointed as an Advisor of the Company and continues to act as a director of SJM Resorts, Limited after his retirement at the 2023 AGM. The Board of the Company announced that Dr. So ceased to act and Mr. Shum Hong Kuen, David has been appointed as authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") with effect from 15 June 2023.