The board of directors of Zhejiang United Investment Holdings Group Limited announces that Dr. Wong Foelan ("Dr. Wong") has tendered his resignation as independent non-executive director, chairman of remuneration committee ("Remuneration Committee") and member of each of audit committee ("Audit Committee"), nomination committee and legal compliance committee of the Company with effect from 21 June 2021 due to his other business engagements which require more of his time.