The board of directors of Mayer Holdings Limited announced that Dr. Cheung Ka Yue has been redesignated from a non-executive Director to an executive Director with effect from 26 April 2022. Dr. Cheung was appointed as an independent non-executive Director (the "INED") on 9 November 2021 and was re-designated as a non-executive Director on 30 November 2021. Dr. Cheung is a director of certain subsidiaries of the Company (including Bamian Investments Pte Ltd.) and a member of the general management and control committee of Guangzhou Mayer Corporation Limited, a core subsidiary of the Company.