The board of directors of Simplicity Holding Limited announced that Mr. Chan Wai Pun has resigned as an independent non-executive Director, chairman of remuneration committee and member of each of audit committee and nomination committee of the Company with effect from 31 August 2022. The resignation of Mr. Chan was because he would like to spend more time to pursue his own business. The Board further announced that following the resignation of Mr. Chan, Mr. Lo Cheuk Fei Jeffrey has been appointed as the chairman of Remuneration Committee with effect from 31 August 2022.