Universal Star (Holdings) Limited announce that with effect from 18 October 2021, Ms. Li Li has been appointed as an executive Director and the chairlady of the Board. Ms. Li, aged 48, has approximately 23 years of experience in banking business operation and over 6 years of experience in management. The board wishes to announce that Ms. Liang Lixia has tendered her resignation as (i) an executive Director; (ii) chairlady of the Board; and (iii) the chairlady of the nomination committee of the Company (the "Nomination Committee") with effect from 18 October 2021 due to her other personal commitments which require more of her time and dedication. The Board also announce that with effect from 18 October 2021, Ms. Liang has resigned as the chairlady of the Nomination Committee and Ms. Li has been appointed as the chairlady of the Nomination Committee.