NewOcean Energy Holdings Limited announced that on 24 December 2021, Mr. Shum Chun, Lawrence has tendered his resignation as an executive director and authorized representative of the Company with effect from the date of this announcement due to his personal commitment and job relocation caused by the reallocation of the headquarter to the Mainland China which lead to considerable inconvenience. Mr. Shum has confirmed that he has no disagreement with the company and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company.