The board of directors of Grand Peace Group Holdings Limited announced that Mr. Lau Ka Leung ('Mr. Lau') has been appointed as an Independent Non-executive Director, a member and the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the Audit Committee with effect from 21 January 2021. Mr. Lau, has accumulated over 10 years of investment and management experience in PRC and Hong Kong. Mr. Lau did not hold any directorships during the past three years in any other public companies the securities of which are listed on any securities market in Hong Kong or overseas.