The board of the directors of the Prosperity International Holdings (H.K.) Limited announced that with effect from 5 August 2020, Ms. Gloria Wong has resigned as an executive director of the Company in order to devote more time to her personal business affairs. The Board and Ms. Wong confirmed that they have no disagreement with each other, and that there are no other matters relating to Ms. Wong's resignation that need to be brought to the attention of the shareholders of the Company.