The Board of Directors of Pacific Star Development Limited refers to the Company's announcement dated 19 March 2020 in respect of the Cessation of Director announcement (the "Cessation Announcement") for Mr. Glen Chan ("Mr. Chan"). In the Cessation Announcement, it was stated that Mr. Chan's effective date of cessation was 18 March 2020 and that he "shall continue to serve out his notice period, as CEO, of 6 months in order to assist in the smooth handing over of his roles and responsibilities to the Board and management." As at June 30, 2020, the handover process has been completed and there is no necessity for Mr. Chan to serve the whole of the six-month notice period. Therefore, Mr. Chan's appointment was ended with effect from 30 June 2020. The Company does not intend to seek candidates to fill the role of CEO at this point in time. Mr. Ying Wei Hsein ("Mr. Ying"), the Executive Chairman of the Company will oversee the Group's operations and will also take over the duties relating to the position of CEO with effect from 1 July 2020.