The board of directors of Technovator International Limited (the 'Company') announced that Mr. Huang Yu ('Mr. Huang') has resigned as a non-executive director, a member of the remuneration committee, the nomination committee and the risk management committee with effect from 9 January 2020 for personal reasons. The Board and Mr. Huang confirm that they have no disagreement with each other and that there is no matter relating to Mr. Huang's resignation that needs to be brought to the attention of the Shareholders or the Stock Exchange. Mr. Huang's resignation as a member of the remuneration committee and the nomination committee caused the number of members of each of the remuneration committee and the nomination committee to deviate from the requirement that each of the remuneration committee and the nomination committee shall consist of at least three directors in their terms of reference.