The board of directors (the "Board") of SJM Holdings Limited (the "Company") announced that Mr. Ng Chi Sing ("Mr. Ng") has been re-designated from Executive Director to Non- executive Director of the Company and ceased to act as Executive Committee member and Chief Operating Officer of the Company, with effect from 10 June 2020. Mr. Ng Chi Sing, aged 68, was appointed as Executive Director of the Company in 2006 and has been re-designated to Non-executive Director on 10 June 2020. He was the Chief Operating Officer of the Company until 9 June 2020. Mr. Ng was a member of the Executive Committee of the Board from 2009 to 9 June 2020. He was the Chief Operating Officer of Sociedade de Jogos de Macau, S.A. ("SJMSA"), from 2002 to 9 June 2020 and a director of SJMSA from 2002 to March 2019. Mr. Ng has been appointed as an adviser of SJMSA with effect from 10 June 2020. Mr. Ng has over 40 years of experience in casino business. He was a Standing Committee member of the 12th Shanghai Municipal Committee of the Chinese People's Political Consultative Conference until January 2018.