The board of directors of Sunway International Holdings Limited announced that Mr. Fok Po Tin ("Mr. Fok") has resigned as an executive Director of the Company with effect from 1 January 2022 due to his other business arrangement. Following Mr. Fok's resignation as an executive Director of the Company, he shall cease to be the Chairman of the Board, the Chairman of the nomination committee of the Company (the "Nomination Committee") and a member of the remuneration committee of the Company (the "Remuneration Committee"). Mr. Fok has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board would like to express its sincere gratitude to Mr. Fok for his valuable efforts and contributions to the Company during his tenure of service. The Board announced that (i) Mr. Wong Yue Kwan Alan ("Mr. Wong") has been appointed as an independent non-executive Director, the Chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 1 January 2022 and (ii) Mr. Lin Jincong ("Mr. Lin") has been appointed as an executive Director of the Company with effect from 1 January 2022. Mr. Wong, aged 54, has more than 20 years of experience in management of business trade and project investments. Mr. Wong has been working as Vice President with Squadron Asia Pacific Limited since August 2016. Following the resignation of Mr. Fok, Mr. Yu Shui Sang Bernard ("Mr. Yu"), an independent non-executive Director, has been re-designated from a member of the Nomination Committee to the chairman of the Nomination Committee with effect from 1 January 2022. Mr. Lin, aged 56, has more than 30 years of experience in management. He is currently the general manager of Zhangzhou Zhaorui Vehicles Ltd.