On 4 April 2018, the board of Directors of Gemini Investments (Holdings) Limited received a notice of retirement from Mr. DENG Wei ("Mr. DENG"), an independent non-executive Director, notifying the Board that he withdrew his consent to be re-elected as an independent non-executive Director at the AGM and would not offer himself for re-election as an independent non-executive Director at the AGM, and as such would retire as director of the Company at the conclusion of the AGM. Mr. DENG's retirement was approved by the Board on 4 April 2018 and will take effect at the conclusion of the AGM.