The Board of Directors of Joyas International Holdings Limited, having considered the recommendation of the Nominating Committee and having reviewed and considered the qualifications, working experience and suitability of Mr. Vincent Cheung Chun Wai ("Mr. Vincent"), is of the view that Mr. Vincent has the requisite experience and capability to assume the responsibility as Executive Director of the Company. Accordingly, the Board of Directors approved the appointment of Mr. Vincent as Executive Director of the Company.