The board of directors of PF Group Holdings Limited announces that Dr. Lee Chun Pong Bruce has resigned as an executive Director, the chairman of the Board and ceased to be a member of the remuneration committee of the company with effective October 12, 2021 to concentrate on other business commitments. The Board also announced that Ms. Fong Man Julisa has resigned as a non-executive Director and ceased to be a member of each of the audit committee, Remuneration Committee and the nomination committee of the company, effective October 12, 2021 to concentrate on other business commitments. Following the resignation of Dr. Lee, Mr. Fok Yuk Tong, an existing executive Director, has been appointed as the chairman of the Board and the Compliance Officer with effective October 12, 2021. Following the resignations of Dr. Lee and Ms. Fong, Mr. Fok has been appointed as a member of each of the Remuneration Committee and Nomination Committee with effective October 12, 2021.