Mayer Holdings Limited announces that with effect from 28 February 2022, Mr. Wong Chi Kin has resigned as an independent non-executive Director in order to devote more time to his business and accordingly, has ceased to be the chairman and a member of the Board's remuneration committee and a member of each of the Board's audit committee and nomination committee. The Board announced that with effect from 28 February 2022. Mr. Lu Jianping has been appointed as an INED.

Mr. Lu currently a professional technical staff of Guangzhou Yangcheng Property Management Co. Ltd. The Board further announced that with effect from 28 February 2022, Mr. Chan Chun Kit, an INED, has been appointed as the chairman of the Remuneration Committee; and Mr. Lu has been appointed as a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee.