Trio Industrial Electronics Group Limited at its annual general meeting held on 28 May 2024 approved that Mr. Joseph Mac Carthy was removed as an executive Director with immediate effect. The company also announced that Mr. Fung Chun Chung (?Mr. Fung?), although eligible, did not offer himself for re-election at the 2024 AGM due to his retirement. Accordingly, Mr. Fung has retired by rotation as an independent non-executive Director at the conclusion of the 2024 AGM.

The company approved the appointment of Mr. Kan Pak Cheong (Kan) as an independent non-executive Director took effect upon conclusion of the 2024 AGM. Mr. Kan, aged 62, has over 35 years of experience in real estate finance, retail, investment and fund management sectors. He is currently the Chief Executive Officer of Hillwell Inc. Limited.

Prior to that, Mr. Kan was the Director, Head of Retail Commercial Properties of Hong Kong Land Holdings Limited (?Hong Kong Land?) responsible for running top luxury retail malls within the Group including Landmark in Hong Kong. Prior to joining Hong Kong Land, Mr. Kan was the Head of Real Estate ? Greater China with Aberdeen Standard Investments (Hong Kong) Limited and was the Partner of Orion Partners Holdings Limited (?Orion Partners?) responsible for China real estate business investing and asset managing a number of shopping malls in China.

He also held senior positions with renowned property developers and luxury brands including the General Manager at Shui On Land Limited (?Shui On Land?), Senior Corporate Finance Manager at Hang Lung Group Limited, Managing Director at China of Burberry Asia Ltd. (?Burberry?) and the Vice President (Finance and Operations) at Lane Crawford. He successfully led the initial public offering for Shui On Land on the Hong Kong Stock Exchange in 2006. Mr. Kan earned a Master of Business Administration from University of Strathclyde and is a member of the Hong Kong Institute of Certified Public Accountants and Hong Kong Securities and Investment Institute.

He is also an associate member of both The Hong Kong Chartered Governance Institute and The Chartered Governance Institute in the United Kingdom. Following the retirement of Mr. Fung as an independent non-executive Director at the conclusion of the 2024 AGM, Mr. Fung has ceased to be the chairman of the Nomination Committee and a member of each of the Audit Committee, the Remuneration Committee and the Risk Management Committee. Simultaneously, Mr. Kan has been appointed as the chairman of the Nomination Committee and a member of each of the Audit Committee, the Remuneration Committee and the Risk Management Committee with effect from 28 May 2024.