PF Group Holdings Limited announced that On 6 October 2021, Mr. Cho, through WhatsApp message, informed the Company that he resigned on 30 September 2021. Mr. Cho claimed that the Company had told him that it would terminate/had terminated his director's service contract and that the Company owed him the payment in lieu of notice of termination. But in fact the Company has not taken any action to terminate the director's service contract with Mr. Cho and therefore it does not agree to pay him any payment in lieu of notice.