The board of directors of Oriental University City Holdings (H.K.) Limited announced that Mr. Lam Bing Lun, Philip ("Mr. Lam") has tendered his resignation as an independent non-executive Director (the "INED"), with effect from January 1, 2022, to devote more time on his personal matters. Accordingly, Mr. Lam will cease to act as the chairman of the audit committee (‘Audit Committee') and a member of the nomination committee (the ‘Nomination Committee') of the Board on the same date. Mr. Lam has confirmed that he has no disagreement with the Board and there are no matters in respect of his resignation and cessation, which need to be brought to the attention of the shareholders of the Company and the Stock Exchange.

The Board further announces with effect from January 1, 2022: Mr. Tan Yeow Hiang, Kenneth ("Mr. Tan"), an INED and the chairman of the risk management committee (the "Risk Management Committee") of the Board and a member of each of the Audit Committee and the remuneration committee (the "Remuneration Committee") of the Board, be appointed as the chairman of the Audit Committee; and Mr. Wilson Teh Boon Piaw ("Mr. Teh"), an INED and the chairman of the Remuneration Committee and a member of each of the Nomination Committee and the Risk Management Committee, be appointed as a member of the Audit Committee. Mr. Tan, aged 54, was appointed as an INED on December 23, 2014. Mr. Tan is currently an executive director of Quintegra Ventures Inc.