The board of directors of South Shore Holdings Limited announces that Mr. Lau Tom Ko Yuen resigned as the Deputy Chairman and Executive Director of the Company with effect from 10 June 2020 in order to devote more time to his personal commitments. Accordingly, with effect from 10 June 2020, Mr. Lau ceased to be a member of the remuneration committee, nomination committee, finance and investment committee, disclosures committee, corporate governance committee, PYE committee and executive committee of the Company. Mr. Lau will remain as a director of certain subsidiaries of the Company and will continue to consult to the Group. Mr. Lau has confirmed that he has no disagreement with the Board and there are no matters with respect to his resignation that need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Mr. Peter Lee Coker Jr. has been appointed as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange in place of Mr. Lau; and Mr. Peter Lee Coker Jr. has been appointed as an authorised representative of the Company for accepting service of process or notices on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) in place of Mr. Lau.