Dream International : RETIREMENT OF EXECUTIVE DIRECTOR, CHANGE IN COMPOSITION OF BOARD COMMITTEES AND CHANGE IN AUTHORIZED REPRESENTATIVE

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DREAM INTERNATIONAL LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 1126)

RETIREMENT OF EXECUTIVE DIRECTOR, CHANGE IN COMPOSITION OF BOARD COMMITTEES

AND CHANGE IN AUTHORIZED REPRESENTATIVE

RETIREMENT OF EXECUTIVE DIRECTOR

The board (the "Board") of directors (the "Directors") of Dream International Limited (the "Company") announces that the Board has been informed by Mr. Young M. Lee ("Mr. Lee"), an executive Director, that he will not offer himself for re-election at the forthcoming annual general meeting of the Company to be held on 7 May 2021 (the "AGM") and will retire at the conclusion of the AGM as he wants to devote more time to his personal commitments. Following to Mr. Lee's retirement, he will cease to be the President, the Chief Financial Officer, the member of the Nomination Committee and the Remuneration Committee of the Company with effect from 7 May 2021.

Mr. Lee has confirmed that there is no disagreement between him and the Board and there are no other matters relating to his retirement that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board would like to take this opportunity to express its sincere gratitude to Mr. Lee for his long and dedicated services of over 20 years to the Company during his tenure of service.

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CHANGE IN AUTHORIZED REPRESENTATIVE

Following the retirement of Mr. Lee, he will also cease to be the authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing of Listing of Securities of the Stock Exchange with effect from 7 May 2021. The Board further announces that Mr. Min Jung Lee be appointed as the Authorized Representative with effect from 7 May 2021.

By Order of the Board Dream International Limited

Kyoo Yoon Choi Executive Director

Hong Kong, 30 March 2021

The Directors as at the date of this announcement are as follows:

Executive Directors:	Independent non-executive Directors:
Mr. Kyoo Yoon Choi (Chairman)	Professor Cheong Heon Yi
Mr. Young M. Lee	Dr. Chan Yoo
Mr. Hyun Ho Kim	Mr. Jong Hun Lim
Mr. Sung Sick Kim
Mr. Min Jung Lee
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