The Board Yu Tak International Holdings Limited announced that Mr. Chong Yu Ping has tendered his resignation as the Chairman with effect from 1 December 2021 and he will continue to hold his position as an executive director of the Company. The Board announces that Ms. Li Xia ("Ms. Li") who is an executive director and the chief executive officer of the Company is appointed as the Chairman of the Company effective 1 December 2021. Ms. Li was an executive vice president of Shanghai Shengqiu Investment Development Limited. Ms. Li was responsible for administration and human resource management, marketing operations and brand promotion.