S E A Holdings Limited at its annual general meeting held on May 27, 2021 announced that Mr. Lam and Mr. Leung retired as Directors of the company with effect from the conlcusion of the AGM. In addition, Mr. Leung ceased as the chairman of the Audit Committee of the company and a member of each of the Nomination Committee and Remuneration Committee of the company with effect from the conclusion of the AGM. The Board announces that Mr. Lo Wai Tung Welman has been appointed as an INED with effect from the conclusion of the AGM. The Board further announced that Mr. Lincoln Lu has tendered his resignation as a NED with effect from May 28, 2021 due to his desire to pursue other business commitments. Mr. Chan Kwok Wai, an INED, has been appointed as the chairman of the Audit Committee of the company; and Mr. Lo Wai Tung Welman has been appointed as a member of the Audit Committee, Nomination Committee and Remuneration Committee of the company. Mr. Lo, aged 44, currently is the Founder and Chairman of Glide East (Holdings) Limited. He has more than 20 years of experience in international trading and manufacturing. In addition, he acts as consultant or numerous intellectual property creative organizations.