Esprit Holdings Limited announced that Mr. SCHLANGMANN Wolfgang Paul Josef has resigned as an Executive Director of the Company and a member of the General Committee of the Board with effect from 25 March 2024 due to his decision to spend more time with his family and further pursue other business interests. Mr. SCHLANGMANN confirmed that he has no disagreements with the Board and there are no matters in relation to his resignation that needs to be brought to the attention of the Company's shareholders. Mr. SCHLANGMANN first joined the Board on 28 October 2021 and in his more than 2 years of service was an invaluable asset to the Company offering timely, perceptive and professional advice on all aspects of the Company's business and attending all Board meetings without fail.

Mr. SCHLANGMANN was also active in seeking new markets and business opportunities for the Company to explore and his departure from the Board will be missed by all Board members.