Lapco Holdings Limited announced that due to retirement, Mr. Lam Pak Ling has tendered his resignation as Chief Executive Officer with effect from December 31, 2021. Mr. Lam has confirmed that he has no claim against the Company relating to his resignation and has no disagreement with the Board. There is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").