Crown International Corporation Limited announced that Mr. Chan Kwok Wai, Tony has resigned as the Independent non-executive Director of the Company with effect from 26 July 2022 in order to pursue other business and personal commitments. Mr. Chan has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to his resignation. The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Chan for his valuable contribution to the Company during his tenure of office.

Since Mr. Chan resigned as an independent non-executive Director, he ceased to be the Chairman of the Audit Committee with effect from 26 July 2022. The composition of each of the Board committees immediately after the above mentioned changes with effect from 26 July 2022 are therefore as follows: Audit Committee: Mr. Chen Fang and Mr. Ren Guo Hua Executive Committee Mr. Lui Ha Nam Dennis (Chairman) Mr. Li Yong Jun Mr. Meng Jin Long Remuneration, Quality and Nomination Committee Mr. Ren Guo Hua (Chairman) Mr. Lui Ha Nam Dennis Mr. Chen Fang.