The board of directors of Universal Star (Holdings) Limited announced that Mr. Cheung On Kit Andrew has tendered his resignation as an independent non-executive Director, chairman of the audit committee of the Company (the
"Audit Committee") and member of the nomination committee of the Company (the "Nomination Committee") with effect from the date of this announcement as he intended to devote more time to his other business engagements.
Following the resignation of Mr. Cheung as an independent non-executive Director, (i) Mr. Cheung ceased to be the chairman of the Audit Committee and the Audit Committee will comprise only two members, being Mr. Zhang Jiantao, the non-executive Director, and Mr. Yan Aru, the independent non-executive Director and (ii) Mr. Cheung also ceased to be the member of the Nomination Committee and the Nomination Committee will comprise only two members, being Ms. Li Li, the executive Director, and Mr. Yan Aru, the independent non-executive Director.