The board (the "Board") of directors (the "Directors") of Auto Italia Holdings Limited announced that LAM Chi Yan has resigned as an executive Director of the Company with effect from 13 June 2021 as he would like to devote more time on his other business engagements. Following the resignation of Lam as an executive Director of the Company, Lam ceased to be a member of the Executive Directors' Committee of the Company. The Board further announced that LIN Chun Ho Simon has been appointed as an executive Director and a member of the Executive Directors' Committee of the Company, all with effect from 13 June 2021. Lin has joined the Group (the Company and its subsidiaries) since July 2005 and has been appointed as the chief financial officer of the Company since July 2017. He oversees the treasury management, financial reporting, risk management, mergers and acquisitions and company secretarial matters of the Company. He is also currently a director of certain subsidiaries of the Company. Lin has over 20 years of experience in accounting, financial management and auditing.