The board of Directors of Wah Ha Realty Company Limited (the Company) announced that: Mr. Lam Hon Keung, Keith (Mr. LAM) has tendered his resignation as an Independent Non-executive Director, the chairman of the Audit Committee as well as a member of each of the Remuneration Committee and the Nomination Committee of the Company with effect from 4 January 2021 due to his work re-arrangement. Mr. LAM has confirmed that he has no disagreement with the Board in relation to his resignation as an Independent Non-executive Director, and there is no other matter in respect of his resignation that needs to be brought to the attention of the shareholders of the Company (the Shareholders). Mr. Chan Wing Tat (Mr. CHAN) and Mr. Kok Lap Seng (Mr. KOK) have been appointed as Independent Non-executive Directors as well as members of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company with effect from 4 January 2021. Subsequent to the resignation of Mr. LAM, Mr. Au-Yang Cheong Yan, Peter, an Independent Non-executive Director as well as a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company, has been appointed the chairman of the Audit Committee of the Company to fill the vacancy left by Mr. LAM with effect from 4 January 2021.