Shen You Holdings Limited board of directors announces that Dr. Yeung Ngai Man, John has tendered his resignation as an independent non-executive Director with effect from 1 December 2020 as he would like to devote more time to his personal commitments. Following the resignation of Dr. Yeung, he also ceased to be a chairman of the remuneration committee and the member of the audit committee of the Company, all with effect from 1 December 2020. The Board also announced that Mr. Chow Chin Hang, Joel, an independent non-executive Director, has been appointed as a chairman of the Remuneration Committee, with effect from 1 December 2020.