Ernest Borel Holdings Limited announced that Mr. Hui Cheuk Kit Frederick has tendered his resignation to the Board as an independent non-executive Director of the Company, a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 26 April 2023 in order to devote more time to his other business commitments. The Board announced that Mr. Zhang Bin has been appointed as an independent non-executive Director of the Company, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company with effect from 26 April 2023. Mr. Zhang Bin, aged 58, is currently a partner of Beijing Hylands Law Firm.

Mr. Zhang obtained a degree of Bachelor of Laws from Fudan University in Shanghai in 1986 and was qualified as a lawyer in China in 1988 and had served as a legal advisor in a large scale state-owned enterprise for years upon his graduation. Before joining Hylands in 2008, he worked in law firms in Beijing, London and Hong Kong. Mr. Zhang is involved in a wide range of areas of practice and has accumulated tremendous experiences in legal affairs in respect of financial investments, real estates and intellectual property rights.

Mr. Zhang is currently an independent non-executive director and a member of each of the audit committee, the nomination committee and the remuneration committee of Citychamp Watch & Jewellery Group Limited, a company listed on the Stock Exchange.