The board of directors (the "Board") of Safety Godown Company, Limited announced that on 12 December 2023, the Company has appointed Ms. Lu Wing Man, Melissa ("Ms. Lu") as executive director of the Company and Mr. Wilkie Wong ("Mr. Wong") as the independent non-executive director of the Company ("Independent Non-executive Director"). Mr. Wong has been appointed as a member of the Audit Committee with effect from the same date. Ms. Lu Wing Man, Melissa, aged 47, was appointed as the executive director of the Company.

Ms. Lu joined the Group in July 2023 and held the position of Group Manager of the Group. She has extensive experience in banking finance and financial management. Ms. Lu holds a bachelor degree of science in business administration.

Prior to joining the Group, Ms. Lu worked in banking with previous post as a Managing Director and Head of Syndicated and Leveraged Finance Loans, Asia at J.P. Morgan. During her term of office at J.P. Morgan, Ms. Lu represented the bank as a board member and executive committee member of the Asia Pacific Loan Market Association. During the three years prior to the date of the announcement, Ms. Lu does not hold any other directorship in other listed public companies.

There is no service contract entered into between Ms. Lu and the Company and no fixed or proposed term of office as a director of the Company. Ms. Lu is subject to retirement by rotation and re-election in accordance with the Articles of Association of the Company. Ms. Lu is entitled to receive a salary of HKD 188,000 per month with a discretionary bonus at the end of the year, subject to her performance and as determined by the Board (based on the recommendation of the Remuneration and Nomination Committee).

Ms. Lu is the daughter of the Mr. Lu Sin, the deceased founder and chairman of the Group, and Ms. Chan Koon Fung, a substantial shareholder, and the sister of Mr. Lu Wing Yee, Wayne, an executive director. Save as disclosed above, Ms. Lu does not have any relationship with any other directors, senior management, substantial shareholders or controlling shareholders of the Company. Within the meaning of Part XV of the Securities and Futures Ordinance, Ms. Lu is interested in 19,447,500 shares of the Company as at the date of the announcement.

Mr. Wilkie Wong, aged 50, was appointed as the Independent Non-executive Director and a member of the Audit Committee of the Company. He has very extensive experience in strategic consultancy, industry, finance and supply chain management. Mr. Wong holds a Bachelor of Science (Civil Engineering) and a Master of Science (Operations Research) from Columbia University in the City of New York, USA, and a Master of Business Administration degree from Sloan School of Management, the Massachusetts Institute of Technology, USA.

Mr. Wong is currently the Chief Financial Officer of Esquel Group, a world-leading, knowledge-based innovative textile and apparel company, responsible for the group's finance, logistics and corporate communications. He joined the Group in 2004 and has extensive experience in finance and supply chain management related to the textile industry. Before joining Esquel Group, Mr. Wong worked in McKinsey & Company as a management consultant in Greater China Region, providing consulting services for international and local companies, with a focus on consumer goods and retail sectors.

He has extensive experience in strategic and business development, M&A advisory, organizational restructuring and operational improvement. Mr. Wong also serves on a voluntary basis as a director of the CCC Tai Kok Tsui Kei Tsun Church Limited and a member of the Incorporated Management Committee of the CCC Kei Chun Primary School.