The Board of Directors of Vantage International (Holdings) Limited announced Mr. FUNG Pui Cheung, Eugene, BBS ("Mr. FUNG", an Independent Non-executive Director of the Company, who will hold office until the conclusion of the Company's 2019 Annual General Meeting ("AGM") to be held on 28 August 2019 and being eligible to offer himself for re-election at the AGM) has informed the Board that he will not seek for re-election at the AGM, due to his other personal commitment. Accordingly, Mr. FUNG will retire as an INED and cease to be the chairman of the audit committee of the Company, and as a member of the remuneration committee and the nomination committee of the Company at the conclusion of the AGM. As Mr. FUNG will not offer himself for re-election at the AGM, to fill the vacancy in the chairmanship of the Audit Committee after his retirement, the Board intends to appoint Mr. MONG Chan ("Mr. MONG", an INED appointed by the Board with effect on 2 May 2019 and currently a member of the Audit Committee, the Remuneration Committee and the Nomination Committee) as the new chairman of the Audit Committee, subject to the approval of Mr. MONG as an INED by the Shareholders at the AGM.