The board of directors of Karrie International Holdings Limited announced that Mr. Lam Yin Shing, Donald ("Mr. Lam") will be appointed as an independent non-executive Director and a member of the audit committee of the Company with effect from 1 July 2024. Mr. Lam, aged 60, he has extensive experience in banking industry. He has been with Hang Seng Bank Limited (the "Bank") for the past 21 years, lastly as Head of Commercial Banking (Greater China) and a member of the Bank's Executive Committee before his retirement in January 2024.

He planned, directed and managed the Bank's commercial banking business in the Greater China region as well as the functional departments of global trade and receivable finance, global payment solutions, insurance sales and corporate wealth management. Prior to this, he had been with HSBC Hong Kong for 14 years lastly as Head of Corporate Marketing and Planning for value transformation of the corporate and institutional banking business, before serving briefly as finance director of a HK-listed company for less than 3 years. He is a certified banker of the Hong Kong Institute of Bankers and a chartered banker of the Chartered Banker Institute, UK.

He obtained his Bachelor of Social Science (First Class Honor) in Economics and Management Studies from the University of Hong Kong in 1987 and Master of Science in e-Commerce and Master of Business Administration both from The Chinese University of Hong Kong. Mr. Lam is an active participant in various community services. He served as board member, second vice president, campaign committee chairman and member of Executive Committee of the Community Chest from 2021 to 2022; a member of Chinese People's Political Consultative Conference of Guangxi Autonomous Region from 2013 to 2022; a member of Chinese People's Political Consultative Conference of Changsha City from 2008 to 2012; and a member of Disciplinary Committee of the Hong Kong Institute of Certified Public Accountants from 2016 to 2022.

With effect from 19 April 2024, Mr. Lam has been appointed as an executive director of each of Chinney Investments, Limited ("Chinney") (Stock Code: 216) and Hon Kwok Land Investment Company, Limited ("Hon Kwok") (Stock Code: 160). He is primarily responsible for the overall financial management of Chinney and Hon Kwok. Chinney and Hon Kwok are the listed companies in Hong Kong listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

He has also been appointed as an independent non-executive director of Best Pacific International Holdings Limited (Stock Code: 2111) with effect from 25 June 2024, which is also a company listed on the Main Board of the Stock Exchange. Save as disclosed above, Mr. Lam has not held any directorship in any other listed companies in the last 3 years.