The board of directors of Mulsanne Group Holding Limited announced that Mr. ONG has tendered his resignation as a non-executive director of the company with effect from 27 August 2019 due to work arrangement. The Board announced the appointment of Mr. WANG as a non-executive director of the Company with effect from 27 August 2019. Mr. WANG has over a decade of experience in private equity investing, strategic consulting and consumer related sectors. Mr. WANG is the managing director of South East Asia of L Catterton Asia Advisors, which is one of the Company's substantial shareholders and manages L Capital Asia 2 Pte. Ltd.