The board of directors of Easy Repay Finance & Investment Limited announced that on 7 March 2020, Mr. Ho Siu King, Stanley (‘Mr. Ho’) has, due to his commitment and responsibilities in other business, family and personal matters, tendered his resignation as independent non-executive director and will cease to act as member of the audit committee, remuneration committee and nomination committee of the Company with effect from 7 June 2020, or any other earlier or later date that is allowed or required (as the case may be) under Rule 7 of the Hong Kong Code on Takeovers and Mergers, whichever is later. For the avoidance of doubt, Mr. Ho's resignation would not be effective until it is allowed under Rule 7 of the Takeovers Code. Mr. Ho confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the shareholders of the Company.