The board of directors of the Camsing International Holding Limited announced that the office of Ms. Lo Ching as the chairman and an executive Director has been vacated pursuant to article 89(3) of the articles of association of the Company with effect from 22 September 2020. The Board became aware on 5 July 2019 that Ms. Lo has been held in criminal custody by the Yangpu Branch of the Shanghai Public Security Bureau in the People's Republic of China. As at the date of this announcement, Ms. Lo has been absent from meetings of the Board for more than six consecutive months without special leave of absence from the Board and has not appointed any alternate Director to attend such meetings of the Board in her stead. Having considered that Ms. Lo has not been able to discharge her duties as the chairman and an executive Director and has been absent from the meetings of the Board for more than six consecutive months, the Board resolved on 22 September 2020 that the office of Ms. Lo as the chairman and an executive Director shall be vacated with immediate effect. As such, Ms. Lo shall cease to be a member of the nomination committee of the Board with effect from 22 September 2020. The Board considers that, save and except for matters disclosed in the Announcements, the vacation of Ms. Lo's office as the chairman and an executive Director will not have any material adverse effect on the functions of the Board nor the operations of the Company and its subsidiaries. To the best of the Directors' knowledge, information and belief and having made all reasonable enquiries, the Board is not aware of any matter relating to the vacation of Ms. Lo's office as the chairman and an executive Director that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that Mr. Guo Ben has been appointed as an executive Director with effect from 22 September 2020. Mr. Guo has over eight years of experience in the fund management industry and the media industry. From November 2011 to December 2015, Mr. Guo worked in Synergy Media Investment Management Co. Ltd. with his last position being the investment director. From January 2016 to July 2017, Mr. Guo worked in Shanghai Huaiting Cultural Communication Co. Ltd. as the general manager and was mainly responsible for organising concerts in the PRC and Hong Kong and the overall management of the company. Since August 2017, he has been the general manager of Beijing Auspicious Impression Media Co. Ltd. and is primarily responsible for establishing funds in the film and television culture media industry. In April 2016, Mr. Guo passed the examinations organised by Asset Management Association of China in relation to the qualification for engaging in the fund business. Lo's office as the chairman and an executive Director, she also ceased to be a member of the nomination committee of the Board with effect from 22 September 2020. The Board announced that Mr. Guo has been appointed as a member of the nomination committee of the Board with effect from 22 September 2020.