The board of directors of Mulsanne Group Holding Limited announced that Mr. Chintamani Aniruddha BHAGAT has tendered his resignation as a non-executive director of the Company with effect from 26 March 2021 due to work arrangement. The Board announced the appointment of Mr. CHEN Scott Yue as a non-executive director of the Company with effect from 26 March 2021. Mr. CHEN, aged 44, is a Managing Partner of L Catterton Asia ("L Catterton"), which is the Asian business of L Catterton Management Limited ("LCML"), a global, consumer-focused private equity firm. L Catterton Asia Advisors ("LCAA"), a subsidiary of LCML, is one of the Company's substantial shareholders and manages L Capital Asia 2 Pte. Ltd.