The board of directors of Crown International Corporation Limited announced that Mr. Wong Siu Hung, Patrick ("Mr. Wong"), Mr. Billy B Ray Tam ("Mr. Tam") and Mr. Tsang Hin Fun Anthony ("Mr. Tsang") have resigned as the independent non-executive Director with effect from 31 March 2022. Mr. Wong, Mr. Tam and Mr. Tsang have confirmed that their resignation was due to different opinions on the communication with Company. The board announced that, with effect from 31 March 2022, Mr. Chan Kwok Wai Tony ("Mr. Chan") has been appointed as independent non-executive Director.

Mr. Chan has been a member of the Hong Kong Institute of Certified Public Accountants since 2001. He is now employed by Tung Shing Stationery Holdings Limited as an accounting manager since 2021. Since Mr. Wong resigned as an independent non-executive Director, he ceased to be the member of each of the Audit Committee and Remuneration, Quality and Nomination Committee; Mr. Chan has been appointed as the Chairman of the Audit Committee and a member of Remuneration, Quality and Nomination Committee; and Mr. Chen Fang ceased to be Chairman of the Audit Committee and re-designated to member of Audit Committee.

The composition of each of the Board committees immediately after the abovementioned changes with effect from 31 March 2022 are therefore as follows: Audit Committee: Mr. Chan Kwok Wai Tony (Chairman), Mr. Chen Fang, Mr. Ren Guo Hua; Executive Committee: Ms. Hung Man (Chairman), Mr. Li Yong Jun, Mr. Meng Jin Long; Remuneration, Quality and Nomination Committee: Mr. Ren Guo Hua (Chairman), Ms. Hung Man, Mr. Chen Fang.