Hope Bancorp, Inc. announced that Chung Hyun Lee and Jin Chul Jhung have each advised the board of directors of their decision not to stand for re-election at the 2021 Annual Meeting of Stockholders (the “Meeting”) and will retire from the boards of the Company and Bank following the election of directors at the Meeting. The date and time of the 2021 Annual Meeting of Stockholders will be announced with the filing of a definitive proxy statement in April 2021.