Crown International Corporation Limited announced that at the 2022 AGM held on 30 September 2022, all the resolution numbered 2 regarding the re-election of Mr. LI Yong Jun ("Mr. LI") as an executive Director was not passed at the 2022 AGM, Mr. LI retired as an executive Director at the conclusion of the 2022 AGM. Following his retirement, Mr. LI ceased to be the vice chairman of the Board and a member of the executive committee of the Company. As resolution numbered 3 regarding the re-election Mr. LUI Ha Nam Dennis ("Mr. LUI") as an executive Director was not passed at the 2022 AGM, Mr. LUI retired as an executive Director at the conclusion of the 2022 AGM.

Following his retirement, Mr. LUI ceased to be the chairman of the Board. The Board announces that Mr. LEE Chi Shing, Caesar ("Mr. LEE") has resigned as the Executive Director with effect from 1 October 2022 in order to pursue other business and personal commitments. The board announces that Mr. IP Ka Ki ("Mr. IP") has resigned as an independent non-executive Director with effect from 1 October 2022 in order to pursue other business and personal commitments.

Mr. LI retired as executive Director, he ceased to be the member of executive committee; Mr. LUI retired as executive Director, he ceased to be the chairman of the executive committee and a member of RQN Committee; Mr. LEE resigned as executive Director, he ceased to be the member of executive committee; and Mr. IP resigned as independent non-executive Director, he ceased to be the chairman of the Audit Committee and a member of RQN Committee. The composition of each of the Board committees immediately after the above mentioned changes with effect from 1 October 2022 are therefore as follows: Audit Committee; Mr. CHEN Fang; Mr. REN Guo Hua. Executive Committee; Mr. MENG Jin Long; Remuneration, Quality and Nomination Committee; Mr. REN Guo Hua (Chairman) Mr. CHEN Fang.