Joyas International Holdings Limited announced that Mr. Lau Chor Beng, Peter wishes to retire from the business to spend more personal time. Mr. Lau Chor Beng, Peter has submitted his resignation letter to the Company dated 29 April 2021 and will cease to be the Executive Director and Managing Director of the Company with effect from 30 April 2021. Mr. Lau Chor Beng, Peter is required to serve a notice period of three months, however, the Company has agreed to waive the required notice period and grant Mr. Lau Chor Beng, Peter immediate notice as the business will be handled by an incoming executive director to be separately announced on the same day and there will be no handover issues. After having interviewed Mr. Lau Chor Beng, Peter and to the best of its knowledge, the Company's Sponsor, PrimePartners Corporate Finance Pte. Ltd., is satisfied that save as disclosed in this announcement, there are no other material reasons for the cessation of Mr. Lau Chor Beng, Peter as Executive Director and Managing Director of the Company.