Easy Repay Finance & Investment Limited announced Mr. Ho Siu King, Stanley ("Mr. Ho") has tendered his resignation as the independent non-executive Director, and member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Company on 7 March 2020, which resignation would not be effective until it is allowed under Rule 7 of the Takeovers Code. According to the VGO Lapse Announcement, the Acceptance Condition has not been satisfied as at the Extended Closing Date, and therefore the Offers have not become unconditional and lapsed on 2 June 2020. Now that the Offers have lapsed, Mr. Ho's resignation would take effect on 7 June 2020 as allowed under Rule 7 of the Takeovers Code.