Best Mart 360 Holdings Limited announced that, Mr. Lee Ka Lun ("Mr. Lee"), an independent non-executive Director, will retire by rotation from the office of independent non-executive Director in accordance with the memorandum and articles of association of the Company (the "Articles") and has decided not to offer himself for re-election at the AGM due to his other personal
pursuits. Accordingly, Mr. Lee will cease to act as an independent non-executive Director with effect from the conclusion of the AGM. Upon his retirement, Mr. Lee will also cease to act as the chairman of the audit committee of the Board (the "Audit Committee") and a member of the nomination committee of the Board (the "Nomination Committee").