The board of directors of PYI Corporation Limited, announced that with effect from 3 February 2021: Mr. Sue Ka Lok has resigned as an executive director of the Company; and Ms. Wu Yan Yee has resigned as an executive director of the Company. The Board announces that with effect from 3 February 2021: Mr. Chan Shu Kin has resigned as an independent non-executive director of the Company; and Ms. Wong Lai Kin, Elsa has resigned as an independent non-executive director of the Company. The Board announces that with effect from 3 February 2021: Mr. Ma Ka Ki has been appointed as an independent non-executive director of the Company; and Mr. William Nicholas Giles has been appointed as an independent non-executive director of the Company. The Board also announced that with effect from 3 February 2021: Mr. Sue Ka Lok has resigned as a member of the Nomination Committee; Mr. Chan Shu Kin has resigned as the chairman of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; Ms. Wong Lai Kin, Elsa has resigned as a member of the Audit Committee, the Nomination Committee and the Corporate Governance and Compliance Committee; Mr. Marc Andreas Tschirner has been appointed as a member of the Remuneration Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; Mr. Au Wai June has been appointed as a member of the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; Mr. Ma Ka Ki has been appointed as the chairman of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee; and Mr. William Nicholas Giles has been appointed as a member of the Audit Committee, the Remuneration Committee, the Nomination Committee, the Corporate Governance and Compliance Committee and the Share Repurchase Committee. During the period from March 2018 to July 2020, Mr. Ma was an independent non-executive director of Celebrate International Holdings Limited. Mr. Giles is a partner of Hart Giles, Solicitors & Notaries. Mr. Giles has over thirty years of extensive experience in practising law as a specialist in large- scale commercial litigation, insolvency work, restructuring and regulatory investigations.