S&S Intervalue China Limited announced that Cheng Jun has submitted his resignation as the chairman of the Board of Directors, an executive director, a member of the Remuneration Committee and the Nomination Committee and an authorised representative of the Company with effect from May 23, 2022 due to his wish to dedicate more time to his other work commitment. Wong Wah is appointed as a member of the Remuneration Committee with effect from May 23, 2022. Wong Wah is appointed as a member of the Nomination Committee with effect from May 23, 2022.