The board (the "Board") of directors (the "Director(s)") of DLC Asia Limited (the "Company") hereby announced that, with effect from 1 June 2020, (i) Mr. Lee Tik Man, Dick ("Mr. Lee") and Mr. Fung Wai Yip, Patrick ("Mr. Fung") have separately tendered their resignation as executive Directors, as both Mr. Lee and Mr. Fung wish to focus their attention on the derivative trading business of the Group; and (ii) Mr. Yu Kwok Tung ("Mr. Yu") has tendered his resignation as the non-executive Director, in order to devote more time on his own business. The Board is announced that Mr. Shiu Kam Man ("Mr. Shiu") has been appointed as an executive Director with effect from 1 June 2020.