The board of director of GTI Holdings Limited announces that Mr. Poon Sum ("Mr. Poon") has tendered his resignation as an executive director of the Company and such other positions as currently held by Mr. Poon in the Company and its subsidiaries (the "Group") and ceased to be an authorised representative of the Company for the purpose of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from 30 November 2020 due to his desire to devote more time to other business. Upon cessation of Mr. Poon being the authorised representative of the Company, Mr. Ng Kwok Hung Perry, an executive director of the Company, has been appointed as an authorised representative of the Company in his place with effect from 30 November 2020.