The board of the directors of Kato (Hong Kong) Holdings Limited has received the written resignation tendered by Mr. Kwong Kai To, pursuant to which Mr. Kwong resigned as the Chairman of the Board and a non-executive Director with effect from 15 October 2020 since he would like to devote more time to his family. Mr. Kwong has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. Following Mr. Kwong's resignation, Mr. Ngai Shi Shing Godfrey ("Mr. Ngai"), currently an executive Director and chief executive officer of the Company, has been appointed as the Chairman of the Board with effect from 15 October 2020. Mr. Ngai, aged 46, was appointed as a Director on 19 April 2018 and was designated as an executive Director and chief executive officer on 2 October 2018. Mr. Ngai joined the Group in September 1998 as director and chief executive officer of Crawfield International Limited.