The board of directors of Stelux Holdings International Limited announced that, after nearly 16 years of service, Dr. Agnes Kwong Yi Hang (Dr. Kwong) has retired by rotation as an independent non-executive director of the Company upon the expiry of her term of office at the Annual General Meeting of the Company held on 16 August 2022 (the "AGM"). Dr. Kwong has also retired as a member of the Remuneration Committee, Nomination Committee, Audit Committee and Corporate Governance Committee of the Company respectively from 16 August 2022. Dr. Kwong has confirmed that she has no disagreement with the Board, and there are no other matters relating to her retirement/cessation that need to be brought to the attention of the shareholders of the company.

The Board would like to express its sincere gratitude to Dr. Kwong for her contributions to the company during her term of office. The Board extends a warm welcome to Ms. Honnus Cheung Ho Ling (Ms. Cheung), aged 51, who was elected as an independent non-executive director of the company at the AGM. Ms. Cheung has also been appointed as a member of the Remuneration Committee, Nomination Committee, Audit Committee and Corporate Governance Committee of the Company respectively from 16 August 2022.

Ms. Cheung has over 20 years of working experience, specializes in building operations, providing financial leadership and spearheading mergers and acquisitions and fundraising across the global media, mobile, e-commerce, internet and fintech industries and has expertise in digital transformation, environmental, social and governance (ESG), finance, and start-up topics. Ms. Cheung is the co-founder and the chief strategy officer of Mojodomo Group, a financial technology startup. She is primarily responsible for investment and providing strategic direction to expand Mojodomo Group's business globally.

She is currently an independent non-executive director, the remuneration committee member, the audit committee member and the nomination committee member of Mobvista Inc., which is a listed company in Hong Kong. From 2017 to March 2021, Ms. Cheung was an independent non-executive director and the chairman of the audit committee of iClick Interactive Asia Group Limited, an independent online marketing technology platform. From September 2007 to July 2019, Ms. Cheung was the chief financial officer, Asia of Travelzoo, a global internet media company, and served as its general manager, China from October 2017 to July 2019.

She was also the co-owner of Travelzoo Asia and contributed to its establishment. Prior to joining Travelzoo, she was a founding executive of Yahoo Asia and worked here as the regional finance director from April 1999 to August 2007. Prior to this, she held various professional positions at American Standard Inc. and PricewaterhouseCoopers.

Ms. Cheung is a fellow member of the Hong Kong Institute of Certified Public Accountants, Certified Practising Accountants of Australia and the Hong Kong Institute of Directors (HKIoD.GD). Ms. Cheung received her bachelor of commerce degree from the University of Queensland, Australia and her master of business administration degree from the Northwestern University -- Kellogg School of Management. Moreover, she obtained the Certificate of Sustainability Leadership from University of Cambridge, Executive Diploma in Corporate Governance and Sustainability Directorship from HKIoD and Financial Times Non-Executive Director Diploma.

As at the date of this announcement, Ms. Cheung does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed herein, Ms. Cheung does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the company. Ms. Cheung has not entered into any service contract with the Company but has entered into an appointment letter with the company for a term of three years commencing from 16 August 2022 subject to retirement by rotation and re-election at general meetings of the Company.

Ms. Cheung shall be entitled to a director's fee of HKD135,000.00 per annum.