The board of directors of Ying Hai Group Holdings Company Limited announced that Mr. Choi Wai Chan (Mr. Choi) has been appointed as an executive Director with effect from 19 May 2023. Mr. Choi Wai Chan, aged 36, is the founder of the Group and has been operating and managing the Group since 2014 until 2022. He was appointed as a Director on 18 December 2018 and was re-designated as an executive Director on 18 February 2019.

He also served as the chairman of the Board and the chief executive officer of the Group until his resignation as an executive Director, the chairman of the Board and the chief executive officer of the Group on 3 August 2022. He was responsible for overseeing the overall management and strategic planning of the Group prior to his resignation. He is currently one of the controlling shareholders of the Company.

Mr. Choi has over twelve years of business management experience. Prior to establishing the Group, Mr. Choi was engaged in property investment from June 2007 to October 2009. From October 2009 to February 2019, Mr. Choi gained experience in the consumer market of Macau by operating a catering shop in Macau.

Mr. Choi has been a director of the Travel Industry Council of Macau since November 2018. In addition, Mr. Choi has also been a vice chairman of the Jin Jiang Clans Association Macau, an honorary president of the Macao Kam Cheang Youth Association, a vice president of the Associação Macaense dos Amigos de Shanghai and an honorary president of the Macau Electronic Competition Association since December 2017, December 2016, October 2018 and January 2019, respectively. Mr. Choi attended secondary school education till June 2006.

Ms. Zou Shuer (Ms. Zou) has resigned from the positions of the chairman of the Board; the compliance officer of the Company; and the authorised representative of the Company, and has been re-designated as the chief operating officer of the Group with effect from 19 May 2023. Ms. Zou remains to be an executive Director of the Company. The above resignation of Ms. Zou was due to the adjustment of her work arrangement.

Succeeding the above resignation of Ms. Zou Shuer, Mr. Choi has been appointed as the chairman of the Board; the compliance officer of the Company for the purpose of Rule 5.19 of the GEM Listing Rules; and the authorised representative for the purpose of Rule 5.24 of the GEM Listing Rules with effect from 19 May 2023.