The board of directors of Alco Holdings Limited announced that, with effect from 11 January 2022, Mr. CHUNG Hau Yeung (Alex) (Mr. Chung) has been appointed as an executive director of the company, in addition to his role of acting chief executive officer of the Company as announced in the company's announcements dated 28 December 2021 and 29 December 2021. Mr. CHUNG Hau Yeung (Alex), aged 52, joined the Group in 2016 as chief executive officer of Nexstgo Company Limited. He has over 28 years of experience in technology, IT, mobile and consumer electronics sectors.

Prior to joining NEXSTGO, Mr. Chung held various senior management positions at Lenovo HK, Samsung Electronics HK Co. Ltd., Sony Corporation of HK Ltd., and Sony Marketing Asia Pacific.