Yik Wo International Holdings Limited board of directors announced that, with effect from 10 August 2021, Mr. Li Danny Fui Lung ("Mr. Li") has resigned as an independent non-executive Director, chairman of the audit committee, a member of each of the nomination committee and the remuneration committee of the Board due to other business commitments which require more of his dedications; and Mr. Chung Chi Kit has been appointed as an independent non-executive Director, chairman of the Audit Committee and a member of each of the Nomination Committee and the Remuneration Committee. Mr. Chung, has been a member of the Hong Kong Institute of Certified Public Accountants since 2014. Mr. Chung has over 10 years' experience in auditing, accounting and financial reporting. He started his career in Deloitte Touche Tohmatsu from October 2010 to November 2016, with his last position held as audit manager. From July 2017 to September 2018, he worked in the position of senior accounting and finance manager in Lerthai Group Limited. Mr. Chung is currently a financial controller of LVGEM (China) Real Estate Investment Company Limited and he joined this company since September 2018. Pursuant to the letter of appointment made between Mr. Chung and the Company, Mr. Chung has been appointed as an independent non-executive Director for a term of three years with effect from 10 August 2021.