The Board of Directors of Daphne International Holdings Limited announced that Mr. Chen Ying-Chieh has tendered his resignation as Non-executive Director and a member of the Remuneration Committee and the Nomination Committee of the company with effect from September 18, 2018 due to his plan to concentrate on his other business engagements. The Board would like to take this opportunity to express its sincere gratitude to Mr. Chen for his valuable contributions to the company during his tenure of service. He has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation which should be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited.