The Board of Directors of Esprit Holdings Limited announced that: Mr. Anders Christian KRISTIANSEN ("Mr. KRISTIANSEN") has resigned as Executive Director of the Company and members of the Remuneration Committee and General Committee of the Board, with effect from 17 December 2020 due to his pursuit of other business commitments. Mr. KRISTIANSEN will remain as the Group Chief Executive Officer and as the managing director of Esprit Europe GmbH and Esprit Europe B.V., both subsidiaries of the Company, until 28 February 2021 (or such earlier date as requested by the Group); Dr. Johannes Georg SCHMIDT-SCHULTES ("Dr. SCHMIDT-SCHULTES") has resigned as Executive Director of the Company and members of the Risk Management Committee and General Committee of the Board, with effect from 17 December 2020 due to his pursuit of other business commitments. Dr. SCHMIDT-SCHULTES will remain as the Group Chief Financial Officer and as the managing director of Esprit Europe GmbH, a subsidiary of the Company, until 28 February 2021 (or such earlier date as requested by the Group); and Ms. CHIU Su Yi Christin has been appointed as a member of the Risk Management Committee of the Board with effect from 17 December 2020.