The board of directors of Lai Sun Garment (International) Limited announced that Mr. Yip Chai Tuck (Mr. Yip) has been appointed as the Chief
Executive Officer of the Company with effect from August 19, 2013. Mr. Yip, age 39, has extensive experience in corporate advisory, business development and investment banking. Prior to joining the Lai Sun Group, he was a Managing Director of Goldman Sachs and Head of Mergers and Acquisitions for China. He also worked for PCCW Limited, a Hong Kong listed company, as Vice President of Ventures and M&A, responsible for strategic investments and M&A transactions.