Season Pacific Holdings Limited announced management changes due to mandatory unconditional cash offer by Kingston Securities for and on behalf of DA Wolf Investments I Limited to acquire all of the issued shares in the company. Mr. Cheung, the existing chairman of the Board and an executive Director, intends to resign as the chairman of the Board while still maintaining his position as an executive Director after the despatch of this Composite Document. The Board intends to nominate Ms. Jiang, a current executive Director, as the new chairlady of the Board. Further announcement will be made by the company in this regard as and when appropriate or required in accordance with the Listing Rules and/or the Takeovers Code. Ms. Jiang Xinrong has been appointed as an executive Director with effect from June 18, 2019. Ms. Jiang has years of experience in the financial services industry and media industry. In 2012, Ms. Jiang founded DL Family Office (HK) Limited, which is currently a corporation licensed by the Securities and Futures Commission to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO. DL Family Office is to provide a total financial solution for high net worth individuals and their families as a multi-family office. Ms. Jiang was a responsible officer of DL Family Office from July 2015 until her resignation in June 2019.