Incredible Holdings Ltd. announced cessation of Christian Kwok-Leun Yau Heilesen as Executive Director. Role And Responsibilities: Responsible for (a) developing and managing the business development strategies and establishing new business opportunities for growth and expansion, and (b) the day-to-day management of the Company and the Group s affairs. Reason For Cessation: Due to other personal commitments.

The Board, with the assistance of the Nominating Committee, is in the process of searching for, and endeavors to identify and appoint a suitable candidate for the role of an Executive Director as soon as possible. The Sponsor, after having interviewed Mr. Christian Kwok-Leun Yau Heilesen, is satisfied that other than disclosed in the announcement, there is no other reason for the resignation of Mr. Christian Kwok-Leun Yau Heilesen as Executive Director of the Company.