The board of directors (the ‘Board’) of HKR International Limited (the ‘Company’, together with its subsidiaries, the ‘Group’) announced that Ms. Barbara SHIU (‘Ms. SHIU’) has been appointed an Independent Non-executive Director (‘INED’) and a member of the Audit Committee of the Company with effect from 1 April 2021. Ms. SHIU, has over 35 years' experience in financial services and had held several senior positions in various financial institutions including the Bank of China group. Ms. SHIU is currently a non-executive director of Livi Bank Limited and Livi Holdings Limited and chairs the risk committees of both companies. Ms. SHIU is currently a member of risk management committee of Hong Kong Exchanges and Clearing Limited. Ms. SHIU is appointed with a specific term of three years and her directorship is subject to retirement at the forthcoming annual general meeting (‘AGM’) of the Company in 2021, at which time she will be eligible for re-election pursuant to article 99 of the Company's articles of association (the ‘Articles’). Ms. SHIU will receive a remuneration calculated on the aforesaid fee basis amounted at HKD 250,000 for acting as an INED and a member of the Audit Committee of the Company for the year ending 31 March 2022. Mr. CHUNG Sam Tin Abraham (‘Mr CHUNG’) has tendered his resignation as an Executive Director and alternate authorised representative of the Company with effect from 1 April 2021 due to his retirement. Mr. CHUNG has confirmed to the Board that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the holders of securities of the Company. With the retirement of Mr. CHUNG, Ms. NGAN Man Ying, an Executive Director of the Company, has been appointed as an alternate authorised representative of the Company under rule 3.05 of the Listing Rules to fill the vacancy left by Mr. CHUNG with effect from 1 April 2021.