Stella International a developer, manufacturer and retailer of footwear and leather goods, announced that Mr. Andrew Tam will succeed Mr. Don Lee as the Group’s Chief Financial Officer (CFO) following Mr. Lee’s retirement, in effect since the 1^st of April 2020.

Andrew Tam has more than 20 years of experience in corporate finance advisory, investment banking and investment management. Prior to joining Stella, he was with Li & Fung Limited, where he was a member of senior management for its corporate finance, financial planning and accounting, treasury and investor relations functions. Mr. Tam holds a Bachelor of Arts Degree in Economics awarded by the University of California at Berkeley, the United States and a Master Degree of Business Administration awarded by Harvard University, the United States.

Don Lee, having served Stella for more than 13 years, will be appointed as a consultant to the Group after his retirement from the position of CFO.

On behalf of the Board of Directors, Mr. Lawrence Chen, Chairman of the Group, stated: “We are extremely grateful for Don’s invaluable contribution to Stella’s growth and success over the course of his tenure. At the same time, we warmly welcome Andrew to our team as we continue to safeguard our operational stability in 2020 while delivering sustainable returns to our shareholders.”