The board of directors of Wang On Properties Limited announced that Chan Chun Hong has tendered his resignation as the non-executive Director and the chairman of the Board with effect from 8 February 2021 in order to devote more time to his personal commitments. Immediately upon the resignation of Chan as the non-executive Director with effect from 8 February 2021, the Board also announces that with effect from 8 February 2021, the composition of the nomination committee (the "Nomination Committee") and the remuneration committee (the "Remuneration Committee") of the company has been changed as follows: Chan has ceased to be the chairman of the Nomination Committee and a member of the Remuneration Committee; and Sung Tze Wah has been appointed as the chairman of the Nomination Committee.