CNT Group Limited announced that Mr. Lam Ting Ball, Paul has resigned as the chairman of the Board and executive director of the Company, a member of the remuneration committee of the Board, an authorised representative of the Company with effect from 16 December 2022. The Board announced that Mr. Tsui Yam Tong, Terry has been appointed as the chairman of the Board and executive director of the Company with effect from 16 December 2022. Mr. Tsui, aged 76, joined the Group in July 1987 and is currently a senior consultant of the Company.

Mr. Tsui also holds directorship with several subsidiaries of the Company. He was an executive director of the Company from April 1991 to January 2013 and was appointed as a managing director of the Company from April 2002 to January 2013. He has more than 49 years of experience in administration and management.

Mr. Tsui is the uncle of Mr. Tsui Ho Chuen, Philip, the non-executive director of the Company. CHANGE IN COMPOSITION OF REMUNERATION COMMITTEE The Board announces that with effect from 16 December 2022: (a) Mr. Lam has ceased to be a member of the remuneration committee of the Board; and (b) Mr. Tsui has been appointed as a member of the remuneration committee of the Board. CHANGE OF AUTHORISED REPRESENTATIVES The Board further announces that with effect from 16 December 2022: (a) Mr. Lam has ceases to be the Authorised Representative and the Authorised Representative in Hong Kong; and (b) Mr. Tsui has been appointed as the Authorised Representative and the Authorised Representative in Hong Kong.