The board of directors of Sing Tao News Corporation Limited announced that Mr. SIU Sai Wo ("Mr. Siu") will resign as an executive Director of the Company with effect from 2 October 2021 to devote more time on his personal endeavors. Mr. Siu has confirmed to the Board that he does not have any disagreement with the Board and there are no other matters with respect to his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders") or the Stock Exchange. The Board announces that Ms. KWOK Hiu Ting ("Ms. Kwok"), who is a current executive Director and the vice-chairman of the Board, will be appointed as the co-chief executive officer and the Authorised Representative under the Listing Rules and the Companies Ordinance of the Company with effect from 2 October 2021. Ms. Kwok's biographical details has been disclosed in the circular of the Company dated 15 June 2021. Her remuneration in relation to the roles as an executive Director and the vice-chairman of the Board has been disclosed in the announcement of the Company dated 15 June 2021. Her remuneration remains unchanged for her additional roles. The Board further announces that Mr. CAI Jin ("Mr. Cai") will resign as the chief operating officer of the Company with effect from 2 October 2021. Mr. Cai has confirmed to the Board that he does not have any disagreement with the Board and there are no other matters with respect to his resignation that needs to be brought to the attention of the Shareholders or the Stock Exchange. Mr. Cai will be appointed as an executive Director, the co-chief executive officer and the Authorised Representative under the Listing Rules and the Companies Ordinance of the Company with effect from 2 October 2021. The biographical details of Mr. Cai are as follows: Mr. Cai, aged 34, holds a bachelor's degree in Business Administration in Accounting and Finance from the University of Hong Kong, a master's degree in Arts in International Journalism Studies from the Hong Kong Baptist University and a doctorate degree in Business Administration from the Hong Kong Polytechnic University. Mr. Cai previously took up key roles in several listed companies in Hong Kong with over 12 years' experience in media and finance. Mr. Cai is an adjunct professor at the School of Accounting and Finance of the Hong Kong Polytechnic University, a member of Advisory Committee of the School of Communication and Film of the Hong Kong Baptist University and the advisor of International Business School of Zhejiang University. He is also the committee member of Newspaper Society of Hong Kong, a member of the Institute of Certified Management Accountants Australia and a fellow member of the Institute of Public Accountants Australia. He is a director of various subsidiaries of the Company.