Chow Sang Sang Holdings International Limited announced that the board of the directors of the company has been closely monitoring and reviewing the operations and performance of the Securities and Futures Broking Business. Having considered (i) the increasingly challenging business environment and (ii) the performance of the Securities and Futures Broking Business as a whole and relative to the rest of the Group, the Board came to the decision to cease the operation of the Securities and Futures Broking Business (the "Cessation"). The Board is of the view that the Cessation will enable the Group to better re- allocate and utilise its resources to other core operations of the Group, in particular the manufacture and retail of jewellery segment. In view of the above, the Board considers that the Cessation is in the best interest of the Company and its shareholders as a whole. Subject to any regulatory and compliance requirements and in absence of other unforeseeable circumstances, it is expected that the Group's operations of the Securities and Futures Broking Business will cease in May 2021. The Group will notify the clients of the Securities and Futures Broking Business regarding the proposed arrangement in connection with the Cessation.