The board of directors of Yau Lee Holdings Limited announced that Mr. Yeung Tak Bun has been appointed as an Independent Non-executive Director of the Company with effect from 6 July 2023. Set out below are the personal details of Mr. Yeung: Mr. Yeung, aged 57, served as the former Government Chief Information Officer, responsible for formulation of policies and strategies for Hong Kong's information industry in development of the digital economy, e-government, cyber-security, and formulation of the blueprint for developing Hong Kong into the world's leading smart city. He was the Chief Corporate Development Officer at the Hong Kong Science and Technology Parks Corporation, responsible for the development strategy of the science park, nurturing and supporting bio-tech, green-tech, IT and electronics enterprises.

Mr. Yeung started his career in Silicon Valley and had worked for several high-tech companies. Thereafter, he held several senior management positions in multinational corporations, Hong Kong listed companies and private equity funds, with operations throughout Asia. Mr. Yeung has contributed a lot in promoting and developing the innovation and technology industry in Hong Kong and the region.

He has established Hong Kong Business Angel Network, Greater Bay Area International Information Technology Association and Institute of Big Data Governance. He has served on the boards and advisory committees of various associations/organizations, including the Federation of Hong Kong Industries, The Hong Kong Polytechnic University, The Chinese University of Hong Kong, The University of Hong Kong, Trade Development Council, YIDA Youth Innovation and Development Alliance etc. Mr. Yeung holds a Bachelor of Science degree in Electrical Engineering from the University of Texas (Austin), a Master of Science in Electrical Engineering from Purdue University, and an Executive MBA from the Kellogg School of Management of the University of Northwestern in conjunction with the Hong Kong University of Science and Technology.

Mr. Yeung is currently an independent non-executive director of Lansen Pharmaceutical Holdings Limited (stock code: 503), a company listed on The Stock Exchange of Hong Kong Limited (the"Stock Exchange"). Save as disclosed, he has not held directorship in any other listed companies in the three years preceding the date of this announcement.