The board of directors of Chinese Strategic Holdings Limited announced that Ms. Yuen Wai Man ("Ms. Yuen") has tendered a resignation notice resigning as independent non-executive Director, member of nomination committee, chairman of remuneration committee and chairman of audit committee of the Company with effect from 3 June 2021 (the "Resignation of Ms. Yuen"). Ms. Yuen confirmed that her resignation was due to other work commitments. She also confirmed that there is no disagreement with the Board. The Board confirmed that nothing else in relation to the Resignation of Ms. Yuen other than the information set out in this announcement should be brought to the attention of the shareholders of the Company.