The board of directors of DL Holdings Group Limited (formerly known as Season Pacific Holdings Limited) (the ``Company'') announced that with effect from 27 March 2020, (i) Mr. Cheung Lui (``Mr. Cheung'') has resigned as an executive Director, chief executive officer (the ``Chief Executive Officer''), authorized representative and compliance officer of the Company so as to focus on his work and responsibilities at the Company's subsidiaries regarding the operation of garment business; (ii) Ms. Chin Ying Ying (``Ms. Chin'') has resigned as a non-executive Director so as to focus on her work and responsibilities as the Company secretary of the Company (the ``Company Secretary''); and (iii) Mr. Choi Sheung Jeffrey (``Mr. Choi'') has resigned as an independent non-executive Director and members of the audit committee, remuneration committee and nomination committee of the Company so as to devote more time to his other business commitments. The Board announces that Mr. Chan Kwun Wah Derek (``Mr. Chan'') has been appointed as a non-executive Director of the Company with effect from 27 March 2020. The Board announces that Mr. Chen Cheng-Lien (also known as Chen Cheng-Lang and Chen Stanley) has been appointed as an independent non-executive Director with effect from 27 March 2020. Mr. Chen Cheng-Lien (also known as Chen Cheng-Lang and Chen Stanley), aged 41, has over 10 years' experience in finance and investment field as well as technology industry. Mr. Chen Cheng-Lien is currently the chief executive officer of Cornucopia Innovation Corporation, a subsidiary of Solomon Technology Corporation. Following the resignation of Mr. Cheung, Mr. Chen Ningdi, an executive Director, is appointed as the Chief Executive Officer with effect from 27 March 2020. Mr. Chen Ningdi, aged 41, is appointed as an executive Director on 28 February 2020. He has over 20 years of experience in global financial industry. He founded DL Securities (HK) Limited (``DL Securities'') and DL Family Office (HK) Limited (``DL Family Office'') in the years of 2011 and 2012. The Board announces that Mr. Chak Ka Wai (``Mr. Chak'') ceases to be the chief financial officer, Company Secretary and authorised representative of the Company with effect from 27 March 2020 so as to focus on his work and responsibilities at the Company's subsidiariesregarding the operation of garment business. Following the resignation of Mr. Chak, Ms. Chin is appointed as the Company Secretary with effect from 27 March 2020. The Board further announces that with effect from 27 March 2020: Mr. Chen Cheng-Lien is appointed as a member of each of the audit committee of the Company, remuneration committee of the Company (the ``Remuneration Committee'') and nomination committee of the Company (the ``Nomination Committee''); Ms. Jiang is appointed as the chairman of the Nomination Committee; Mr. Chen Ningdi ceases to be a member of each of the Remuneration Committee and Nomination Committee; Mr. Chang Eric Jackson ceases to be the chairman of the Nomination Committee and remains as a member of the Nomination Committee; and Ms. Luk Huen Ling Claire ceases to be a member of each of the Remuneration Committee and Nomination Committee.