The board of directors of Lai Fung Holdings Limited announced that Mr. Lucas Ignatius Loh Jen Yuh (Mr. Loh) and Mr. Puah Tze Shyang (Mr. Puah) have tendered their resignations as non-executive directors of the company with effect from 1 April 2021 due to their other work commitments. Following Mr. Loh's resignation, he ceased to be a member of each of the audit committee and the remuneration committee of the company and Mr. Puah ceased to act as the alternate director to Mr. Loh. Each of Mr. Ku Moon Lun and Mr. Mak Wing Sum, Alvin, both independent non-executive directors of the company, has been appointed a member of the Audit Committee with effect from 1 April 2021. The composition of the Remuneration Committee has been changed as follows with effect from 1 April 2021: Mr. Lam Bing Kwan (Chairman), Mr. Chew Fook Aun, Mr. Ku Moon Lun and Mr. Law Kin Ho.