The board of directors of G & M Holdings Limited announced that Mr. Chan Wai Yin has tendered his resignation as an executive Director and chairman of the risk management committee of the Company with effect from 1 January 2021. Mr. Chan remains as an employee of a subsidiary of the Company following his resignation as an executive Director. The Board announced that Mr. Lee Chi Hung (``Mr. Lee''), an executive Director, has been appointed as a chairman of the risk management committee of the Company with effect from 1 January 2021. The biographical details of Mr. Lee have been disclosed in the annual report of the Company published on 24 April 2020.