The board of directors of Asia Standard Hotel Group Limited announced that Mr. Hung Yat Ming has resigned from his position as an independent non-executive Director, the Chairman of the Audit Committee and the Remuneration Committee of the Company with effect from 15 January 2021; and Mr. Wong Chi Keung has been appointed as an independent non-executive Director, the Chairman of the Audit Committee and the Remuneration Committee of the Company with effect from 15 January 2021. Mr. Wong was an executive director, the Deputy General Manager, Group Financial Controller and Company Secretary of Yuexiu Property Company Limited (formerly known as Guangzhou Investment Company Limited). Mr. Wong is also an independent non-executive director of TPV Technology Limited which was privatized with effect from 15 November 2019.