Ulferts International Limited announced the cessation of Mr. Ng Koon Keung, Ricky as Executive Director of the Company with effect from 1 July 2021 due to his engagement as the chief executive officer of Emperor Watch & Jewellery Limited, another listed member under Emperor Group, on the same date. Immediately after his cessation, he will also cease to act as the Chief Executive Officer of the Group, member of the Executive Committee under the Board as well as director of all relevant subsidiaries of the Company. During the transition, Ms. Mok Fung Lin, Ivy, Executive Director of the Company, will continue to oversee the business operation of the Group as supervised by the Chairman of the Board.