The board of directors of Grace Wine Holdings Limited announced that Ms. HOU Tan Tan Danielle ("Ms. Hou"), due to personal commitments and other work arrangements, has resigned as a non-executive Director and a member of the remuneration committee of the Company with effect from 28 May 2021. Following the resignation of Ms. Hou as a non-executive Director, the board announced that Dr. CHEUNG Chai Hong has been appointed as a non-executive Director and a member of the remuneration committee of the Company with effect from 28 May 2021. Dr. Cheung is also a director and leading founder of The Wine Company.