Ernest Borel : RESIGNATION OF EXECUTIVE DIRECTOR AND MEMBER OF EACH OF REMUNERATION COMMITTEE, NOMINATION COMMITTEE, EXECUTIVE COMMITTEE AND INVESTMENT COMMITTEE

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ERNEST BOREL HOLDINGS LIMITED

依 波 路 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1856)

RESIGNATION OF EXECUTIVE DIRECTOR

AND

MEMBER OF EACH OF REMUNERATION COMMITTEE, NOMINATION COMMITTEE, EXECUTIVE COMMITTEE AND INVESTMENT COMMITTEE

The board (the "Board") of directors of Ernest Borel Holdings Limited (the "Company") announces that Mr. Xiong Wei ("Mr. Xiong") has tendered his resignation as Executive Director of the Company and a member of each of the remuneration committee, nomination committee, executive committee and investment committee of the Company with effect from 20 April 2021 due to his desire to devote more time to his other business engagements.

Mr. Xiong has confirmed to the Board that (i) he has no claim against the Company in respect of his resignation;

1. he has no disagreement with the Board; and (iii) there is no matter relating to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.

The Board would also like to take this opportunity to express its sincere gratitude to Mr. Xiong for his valuable efforts and contributions to the Company during his tenure of service.

By Order of the Board

Ernest Borel Holdings Limited

Shang Jianguang

Chairman

Hong Kong, 20 April 2021

As at the date of this announcement, the Board comprises of the following members:

Executive Directors:	Mr. Shang Jianguang, Mr. Teguh Halim and Ms. Lam Lai
Non-executive Directors:	Mr. Xiong Ying and Mr. Tao Li
Independent Non-executive Directors:	Mr. To Chun Kei, Mr. Hui Cheuk Kit Frederick and
	Ms. Chan Lai Wa