Mallouppas & Papacostas Public Co. Ltd. announced that at the meeting of the Company's Audit Committee, held on 4 October 2019, the Chairman of the Audit Committee and Executive Vice-Chairman of the Company, Mr. Minos Charalambous, has expressed his intention to resign from the office of Chairman of the Audit Committee with immediate effect and remain a member thereof. The Audit Committee has unanimously decided to elect Mr. Vangelis Sykopetritis, Independent Non-Executive Director and current member of the Committee, as the new Chairman of the Audit Committee.