Time Watch Investments Limited announced that Mr. Ma Ching Nam (‘Mr. Ma') has not offered himself for re-election and has retired from office by rotation as an independent non-executive Director at the conclusion of the annual general meeting held on November 24, 2022. Accordingly, Mr. Ma has ceased to be the chairman of corporate governance committee and member of each of audit committee, nomination committee and remuneration committee of the Board. Mr. Ma did not seek for re-election as Director of the Company due to his other work commitments which requires more of his time and dedication.

The board announced that, with effect from 24 November 2022, Ms. Law, Stacey Man Yee (‘Ms. Law') has been appointed as an independent non-executive Director, a member of each of the corporate governance committee, audit committee, nomination committee and remuneration committee of the Board. Mr. Wong Wing Keung Meyrick has been appointed as the chairman of the corporate governance committee of the Board. Ms. Law Stacey Man Yee, aged 35, started her legal career as a paralegal with a law firm in Sydney, Australia in 2007 whilst undertaking her undergraduate degrees at the University of Technology, Sydney.

She obtained her double bachelor's degrees majoring in Business and Management and International Studies in 2011, with a requisite one-year study abroad experience in Kyushu, Japan. Ms. Law then completed her part-time five-years Juris Doctor degree at the University of Technology, Sydney in 2015 and obtained a graduate certificate in professional legal practice from the University of Technology, Sydney in 2016. She was also admitted as a lawyer of the Supreme Court of New South Wales in September 2016.

Ms. Law has been the founder and director of Kapability International Limited, since April 2018.