The board of directors of Gemini Investments (Holdings) Limited announced that Mr. LAW Tze Lun has resigned as an independent non-executive director of the Company with effect from 13 October 2021 due to his other business commitments which require more of his time and attention. Mr. LAW has confirmed to the Board that he has no disagreement with the Board and that there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and the HK Stock Exchange. The Board announced that Mr. LEE Sai Kai, David ("Mr. LEE") has been appointed as an independent non-executive director of the Company and the chairman of each of the audit committee and the remuneration committee of the Company, and a member of each of the nomination committee and the investment committee of the Company with effect from 13 October 2021. Mr. LEE Sai Kai, David, aged 56, has extensive accounting, financial and management experience in the real estate industry in both the People's Republic of China and Hong Kong. Mr. LEE was a non-executive director of Rainbow Digital Commercial Co. Ltd. from 2007 to 2020. He was an executive director and a non-executive director of Top Spring International Holdings Limited from 2009 to 2015 and from 2015 to 2016, respectively. Following his resignation, Mr. LAW ceases to be the chairman of each of the audit committee and the remuneration committee of the Company, and a member of each of the nomination committee and the investment committee of the Company, with effect from 13 October 2021. With effect from 13 October 2021, Mr. LEE has been appointed as the chairman of each of the audit committee and the remuneration committee of the Company, and a member of each of the nomination committee and the investment committee of the Company.