The board of directors of Shanshan Brand Management Co., Ltd. announced that Mr. Au Yeung Po Fung has tendered his resignation as an independent non-executive Director with effect from the appointment of a new INED which will be approved at the forthcoming annual general meeting of the Company scheduled to be held on 4 June 2021 due to his intention to concentrate on other business commitments. Accordingly, he will cease to be a member and the chairman of the audit committee of the Board immediately thereafter. Mr. Au Yeung has confirmed that he does not have any disagreement with the Board and there are no matters in respect of his resignation and cessation above-mentioned, which need to be brought to the attention of the shareholders of the company and the Stock Exchange. The Board, with the recommendation of the nomination committee of the Board, resolved to nominate Mr. Chow Ching Ning as a candidate for an INED of the second session of the Board upon consideration and approval at the eleventh meeting of the second session of the Board convened by the Company on 6 May 2021. Ningbo Liankangcai Brand Management Co., Ltd., as a shareholder holding more than 3% equity interest in the company, submitted the "Letter Regarding the Addition of the Interim Proposal of 2021 AGM of Shanshan Brand Management Co., Ltd.