Simplicity Holding Limited announced that Ms. Ng Yau Kuen Carmen has tendered her resignation as an independent non-executive Director, a chairman of Audit Committee, a member of the Nomination Committee and a member of the Remuneration Committee, with effect from 27 July 2021 in order to devote more time to focus on her other business commitments. The Board announced that Mr. Lo Cheuk Fei Jeffrey has been appointed as an independent non-executive Director of the Company with effect from 27 July 2021. Mr. Lo, aged 28, has more than six (6) years of experience in the accounting and financial industries. Mr. Lo is currently an independent non-executive Director of China Trustful Group Limited (a company listed on GEM operated by The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), stock code: 8265). The Board further announces that following the resignation of Ms. Ng, Mr. Yu Ronald Patrick Lup Man will be appointed as the chairman of the Audit Committee with effect from 27 July 2021. Mr. Lo will be appointed as a member of each of the Audit Committee, Nomination Committee and Remuneration Committee with effect from 27 July 2021.