AVIC Joy Holdings (HK) Limited announced that Mr. Kam, Eddie Shing Cheuk (Mr. Kam) has resigned as an Independent Non-executive Director of the Company with effect from 3 August 2022 as he wishes to devote more time to his other commitments. Upon his resignation, Mr. Kam has also ceased to be a member of the Audit Committee of the Company. Mr. Kam has confirmed no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

Following the resignation of Mr. Kam, the Company has two Independent Non-executive Directors only. As a result, the number of Independent Non-executive Directors of the Company has fallen below the minimum number required under Rule 3.10(1) of the Rules Governing the Listing of Securities on the Stock Exchange (the Listing Rules). In addition, the Company fails to meet the composition requirement of the Audit Committee under Rule 3.21 of the Listing Rules.