The Board of Directors of Ahsay Backup Software Development Company Limited hereby announces that Mr. Chong King Fan has retired as the chairman of the Board of the Company with effect from 6 September 2021. Mr. Chong King Fan will continue to be an executive Director and serve an advisory role in the Company after his retirement as the Chairman of the Company. The Board hereby also announced that Mr. Chong Siu Ning, an executive Director, has been redesignated as the Chairman of the Company from vice Chairman of the Company, with effect from 6 September 2021. Mr. Chong Siu Pui, an executive Director, the Chief Executive Officer and the chairman of the risk management committee of the Company, was selected by the Board to succeed Mr. Scherring Chong as the vice Chairman of the Company with effect from 6 September 2021.