In accordance with bye-laws of the Starlight Culture Entertainment Group Limited, Mr. Hung Ching Fung retired from office of Director by rotation at the AGM and did not offer himself for re-election. Mr. Hung also ceased to be the chairman of Anti-money Laundering Committee of the Company. The Board is not aware of any disagreement between Mr. Hung and the Board nor any matters relating to the retirement of Mr. Hung that need to be brought to the attention of the Shareholders. The Board extends its appreciation to Mr. Hung for his past contribution to the Company during his tenure of office.