Vietnam Manufacturing and Export Processing Limited announced that Mr. Cheng Hsu Chi resigned as an executive Director and the chief executive officer of the Company with effect from 24 March 2022, due to his decision to devote more time for his other endeavours. He also resigned as the director and general manager of the Company's subsidiaries, Vietnam Manufacturing and Export Processing Company Limited and Chin Zong Trading Company Limited. Mr. Cheng has confirmed that he has no disagreement with the Board and there are no circumstances related to his resignation which need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.