The board (the "Board") of directors (the "Director(s)") of Summit Ascent Holdings Limited announced that at the Board meeting held after the annual general meeting of the Company on 31 May 2019, the appointment of additional directors was proposed and approved as follows: (i) Mr. Chau Cheok Wa has been appointed as Non-executive Director and Chairman of the Board with effect from 1 June 2019; and (ii) Mr. Wong Pak Ling Philip has been appointed as Non-executive Director with effect from 1 June 2019. Mr. Chau is currently the chairman, executive director and controlling shareholder of Suncity Group Holdings Limited. Mr. Chau is also the founder and chairman of the Suncity Group. Mr. Wong, aged 55, is currently the chief financial officer of Suncity Group.