Billion Industrial Holdings Limited announces that with effect from 11 January 2022: RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR: The Board of Directors of Billion Industrial Holdings Limited announced that Mr. Chan Shek Chi has tendered his resignation as an independent non-executive Director of the Company and ceased to be the chairman of the audit committee and the remuneration committee and a member of the nomination committee of the Company with effect from 11 January 2022 as he is planning to dedicate more time and attention to his own business. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR: The Board announced that Mr. Yu Wai Ming has been appointed as an independent non-executive Director and the chairman of the audit committee and the remuneration committee of the Company and a member of the nomination committee of the Company with effect from 11 January 2022. The Company has entered into an appointment letter with Mr. Yu for an initial term of three years commencing from 11 January 2022, which may be terminated by Mr. Yu by giving to the Company one month's prior notice in writing or by the Company at any time without giving any prior notice.