Lapco Holdings Limited announced that as notified by Mr. Lam Pak Ling that he intends to retire and step down as chairman, executive Director, chief executive officer and compliance officer of the company and cease to be the chairman and/or member of the relevant committees of the Board on or before 31 December 2021. And Ms. Wong Siu Fan, Beatrice also tendered her resignation as a director of the relevant subsidiaries of the company and ceased to be a member of the senior management of the Group with effective October 20, 2021.