Cosmopolitan International Holdings Limited's board announced that, as mentioned in the circular of the Company dated 29th April, 2021 relating to, among others, re-election of Directors at the AGM, Mr. Lee Choy Sang ('Mr. Lee'), an Independent Non-Executive Director of the Company, retired by rotation at the AGM in accordance with the articles of association of the Company. Mr. Lee did not offer himself for re-election at the AGM, as he wished to devote more time on his other personal interests. As mentioned in the Circular, Mr. Francis Bong Shu Ying ("Mr. Bong"), a Non-Executive Director of the Company, was proposed to be re-designated as an Independent Non-Executive Director of the Company upon his re-election as a Director by the Shareholders at the AGM. At a meeting of the Board held on the date of the AGM, the re-designation of Mr. Bong as an Independent Non-Executive Director of the Company has been approved by the Board, which takes effect from the conclusion of the AGM. Following Mr. Lee's retirement as an Independent Non-Executive Director, he also ceased to be a member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company with effect from the conclusion of the AGM. To fill such vacancy, Mr. Bong has been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee all with effect from the conclusion of the AGM. Mr. Bong, aged 79, was appointed to the Board in 2006. Mr. Bong was a director of AECOM Technology Corporation.