The board of directors of FDG Kinetic Limited announced that due to his other personal business and arrangements, Professor Sit Fung Shuen Victor ("Professor Sit") has tendered his resignation as an independent non-executive director and Chairman of the Company with effect from 24 October 2020, and will cease to be a member of each of the Audit Committee, Remuneration Committee, Nomination Committee and Risk Committee of the Company with effect from his resignation.