The board of directors of Pokfulam Development Company Limited announced that due to retirement, Mdm. Lam Hsieh Lee Chin, Linda ("Mdm. Lam") has tendered her resignation as Independent Non-executive Director of the Company with effect from 1 December 2020. Mdm. Lam and the Board have confirmed that Mdm. Lam had no disagreement with the Board, and there is no other matter that needs to be brought to the attention of the holders of securities of the Company in respect of her resignation.