The board of directors of Chinney Investments, Limited announced that Mr. Randall Todd Turney has been appointed as an independent non-executive director, a member of both the audit committee (the "Audit Committee") and remuneration committee (the "Remuneration Committee") of the Company with effect from 26 August 2021. He is currently Executive Director and Chief Investment Officer of Arrow Capital Limited. Mr. James C. Chen ("Mr. Chen") has resigned as an independent non-executive director and ceased to be the chairman of the Audit Committee and a member of the Remuneration Committee of the Company with effect from 26 August 2021 due to his new engagement with another company. Mr. Winfred Wai-Lap Fan, an independent non-executive director as well as the chairman of the Remuneration Committee and a member of the Audit Committee, has been appointed as the Chairman of the Audit Committee to fill the vacancy left by Mr. Chen with effect from 26 August 2021. Subsequent to the resignation of Mr. Chen and the above appointments, the Audit Committee is now composed of three independent non-executive directors, namely Mr. Winfred Wai-Lap Fan as the chairman, and Mr. Richard Chi-Ho Lo and Mr. Turney as members; and the Remuneration Committee is now composed of two independent non-executive Directors, namely Mr. Winfred Wai-Lap Fan as the chairman and Mr. Turney as member, and one executive director, namely Mr. Yuen-Keung Chan as member.