The Board of Directors of Ernest Borel Holdings Limited announced that: Mr. Shang Jianguang (‘Mr. Shang') has tendered his resignation as the Chairman of the Board and Executive Director and the chairman of each of the nomination committee (the ‘NC'), executive committee (the ‘EC') and investment committee (the ‘IC') of the Company with effect from 5 January 2022 as he intends to allocate more time in his other matters. Mr. Tao Li (‘Mr. Tao') has tendered his resignation as the Non-executive Director of the Company with effect from 5 January 2022 as he intends to allocate more time in his other matters. Mr. Teguh Halim, currently the (i) Vice Chairman and Executive Director of the Company; (ii) the member of Remuneration Committee, EC and IC will be re-designated as the Chairman of the Board, NC, EC and IC with effect from 5 January 2022.