The board of directors of the Company hereby announces that with Ms. Chu Moune Tsi, Stella has resigned as an independent non-executive Director with effect from 29 December 2021 due to her other business commitments. Following Ms. Chu's resignation, she will also cease to act as the chairman of the audit committee of the Company, a member of the remuneration committee and nomination committee of the Company with effect from 29 December 2021. As a result of the said resignation of Ms. Chu, the Board further announces that with effect from 29 December 2021, Ms. Siu Yuk Ming, the independent non-executive Director, has been appointed as the chairperson of the Audit Committee.