VPower Group International Holdings Limited announced that Mr. Au-Yeung Tai Hong Rorce is approaching 65 years old and is desirous to spend more time with his family and other pursuits. He has decided to retire as a co-chief executive officer of the Group with effect from October 1, 2021. Following Mr. Au-Yeung's retirement, Mr. Lam Yee Chun, an executive chairman of the Board and an executive director of the Company, will be appointed as a co-chief executive officer of the Group in replacement of Mr. Au-Yeung with effect from October 1, 2021.