The board of directors of Guoan International Limited (the ‘Company’, together with its subsidiaries, the ‘Group’) announced that Mr. LI Fu Kay (‘Mr. Li’) and Mr. WONG Chi Keung (‘Mr. Wong’) have been appointed as independent non-executive directors, both with effect from 13 April 2021. Mr. LI Fu Kay was mainly responsible for managing the cash flow, investment, legal and financial matters for the whole group. From 1987 to 2008, Mr. Li served as a finance director, a consultant for the board of directors and the chief financial officer for different private companies respectively. Mr. Li has over 35 years of experience in finance and accounting. Mr. WONG Chi Keung is currently an independent non-executive director of Asia Orient Holdings Limited, Asia Standard Hotel Group Limited, Asia Standard International Group Limited, Century City International Holdings Limited, Changyou Alliance Group Limited, China Ting Group Holdings Limited, Golden Eagle Retail Group Limited, Paliburg Holdings Limited, Regal Hotels International Holdings Limited, Yuan Heng Gas Holdings Limited and Zhuguang Holdings Group Company Limited. The composition of (i) the audit committee of the Company, (ii) the nomination committee of the Company and (iii) the remuneration committee of the Company have been changed as follows: Mr. Li and Mr. Wong have been appointed as members of the Audit Committee, the Nomination Committee and the Remuneration Committee, all with effect from 13 April 2021.