The board of directors of Prosperity Investment Holdings Limited (Company) announced that Mr. Lau Tom Ko Yuen (Mr. Lau), who became executive Director, and Managing Director, has been re-designated as a non-executive Director, and therefore ceases to act as Managing Director of the Company with effect from 10 June 2021, in order to ensure compliance with Rule 21.04 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (Listing Rules). Mr. Lau remains chairman of the Board, and chairman of the nomination committee. Following the re-designation of Mr. Lau, the Company has no executive Director. The Board is actively identifying suitable candidates to fill the vacancy and further announcement(s) will be made as and when appropriate.