The board of directors of Hang Tai Yue Group Holdings Limited announced that with effect from 2 September 2021, (i) Mr. Hui Chun Sum ("Mr. Hui") has tendered his resignation to resign as the chairman of the Board and an executive Director, due to his other career commitments which require more of his time; (ii) Professor Tsui Ka Kin Kevin ("Professor Tsui") has tendered his resignation to resign as an independent non-executive Director and a member of each of the audit committee ("Audit Committee"), the nomination committee ("Nomination Committee") and the remuneration committee ("Remuneration Committee") of the Board, due to his other career commitments which require more of his time; and (iii) Mr. Chan Ming Kit ("Mr. Chan") has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee. Mr. Chan was an independent non-executive director of Nexion Technologies Limited, a company listed on GEM of the Stock Exchange for the period from 31 May 2017 to 2 November 2020.