The board of directors of RENHENG Enterprise Holdings Limited announced the following changes in directorship and composition of the audit committee (the Audit Committee), the nomination committee (the Nomination Committee) and the remuneration committee (the Remuneration Committee) of the company. Mr. KONG Hing Ki (Mr. Kong) has resigned as an independent non-executive Director, the chairman of the Remuneration Committee, and a member of each of the Nomination Committee and the Audit Committee with effect from 19 July 2023 due to his other business engagements require more of his time and attention. Mr. LAM Chi Wing (Mr. Lam) has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, and a member of each of the Nomination Committee and the Audit Committee with effect from 19 July 2023.

Mr. Lam, aged 43, obtained a bachelor of business administration in accounting and finance degree from The University of Hong Kong in December 2003, a master of science in knowledge management degree from The Hong Kong Polytechnic University in December 2006 and a master of business administration degree from The Chinese University of Hong Kong in December 2010. He is currently a postgraduate of the Executive Master in Public Administration Hong Kong Administrative Talents Program conducted by the School of Public Policy & Management at Tsinghua University. Mr. Lam joined Li & Fung Group in September 2003, where he served as the group chief representative and general manager of Southern China of Li & Fung Development (China) Limited prior to his departure in July 2015.

From June 2020 to December 2020, he was a brand and new retail strategic officer of Bonjour Holdings Limited. Mr. Lam has been a deputy to the 14th National People's Congress, a member of each of the 12th and 13th Guangdong Provincial Committee of the Chinese People's Political Consultative Conference and a member of each of the 11th and 12th Zhongshan Municipal Committee of the Chinese People's Political Consultative Conference. Mr. Lam is currently a vice-chairman of each of the Hong Kong Guangdong Youth Association, the council of the Guangdong Society of Commercial Economy, the Council for the Promotion of Guangdong-Hong Kong-Macao Cooperation and the Federation of Hong Kong Zhong Shan Community organizations Limited.

He is also currently an adjunct associate professor of the department of information systems, business statistics and operations management of the Business School of The Hong Kong University of Science and Technology, and co-director and an adjunct professor of the Center of Innovation Design and Entrepreneurship of the School of Management and Economics of The Chinese University of Hong Kong, Shenzhen. Mr. Lam served as a part-time member of the Central Policy Unit of the Government of the Hong Kong Special Administrative Region from 2011 to 2012. Mr. Lam served as an executive director of Bonjour Holdings Limited from July 2020 to December 2020 and an independent non-executive director of Aidigong Maternal & Child Health Limited from March 2016 to December 2022, the shares of both of which are listed on the Main Board of the Stock Exchange.

Mr. Lam is currently an independent non-executive director of each of China Wantian Holdings Limited, Wai Hung Group Holdings Limited, Alco Holdings Limited, MTT Group Holdings Limited and Space Group Holdings Limited, the shares of all of which are listed on the Main Board of the Stock Exchange.