SITC International Holdings Company Limited announced that with effect from 8 March 2021: Mr. Xue Peng has tendered his resignation as an executive Director and Mr. Yeung Kwok On has tendered his resignation as an independent non- executive Director as they would like to devote of their time to their other business commitment, as well as to support the Board diversity and enhance corporate governance, with effect from 8 March 2021. Each of Mr. Xue Peng and Mr. Yeung Kwok On has confirmed that (i) he has no claims against the Company in respect of his resignation; (ii) he has no disagreement with the Board; and (iii) there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. Following the resignation of Mr. Xue Peng as an executive Director, Mr. Xue Peng will also cease to be a member of the disclosure committee of the Company (the "Disclosure Committee"), the sustainable development committee of the Company (the "Sustainable Development Committee") and the risk management committee of the Company (the "Risk Management Committee"). Mr. Xue Peng will continue to act as the company secretary and one of the authorized representatives of the Company upon his resignation as an executive Director. Following the resignation of Mr. Yeung Kwok On as an independent non-executive Director, Mr. Yeung Kwok On will also cease to be the chairman of the remuneration committee of the Company (the "Remuneration Committee") and the member of nomination committee of the Company (the "Nomination Committee"). The Board announced that Ms. Yang Xin () ("Ms. Yang") has been appointed as an non-executive Director with effect from 8 March 2021. Mr. Yang Shaopeng will resign as member of the Remuneration Committee; Mr. Yang Xianxiang will resign as member of the Nomination Committee; and Mr. Tse Siu Ngan will be appointed as chairman of the Remuneration Committee.