The board of directors of P.B. Group Limited announced that Mr. HUNG Chiu Fat will be appointed as the independent non-executive Director, the chairman of the audit committee, the chairman of the remuneration committee and the member of the nomination committee of the Company with effect from 28 March 2023. Mr. Hung, aged 34, holds a degree of Master of Business Administration from The Hong Kong Ploytechnic University and a degree of Bachelor of Secience With Honours in Accounting from The University of Hull. Mr. Hung is a member of Hong Kong Institute of Certified Public Accountants, a member of Association of Chartered Certified Accountants, a member of The Chartered Institute of Management Accountants and a member of CPA Australia.

Mr. Hung has over 8 years of working experience in the field of accounting and finance. He is currently the deputy financial controller of a company listed on the The Stock Exchange of Hong Kong Limited. Prior to that, Mr. Hung worked for several professional accountants firms and has extensive experiences in preparing financial reports, audit services and internal control systems. Mr. Hung has entered into a letter of appointment with the Company for a term of one year commencing on 28 March 2023 and is subject to retirement and re-election at general meetings in accordance with the Company's Articles of Association.

The Board also announced that Mr. YIP Chong Ho Eric has tendered his resignation as an independent nonexecutive Director, the chairman of the Audit Committee, the chairman of the Remuneration Committee and the member of Nomination Committee with effect from 28 March 2023 due to his other business engagement.