The board of directors of TC Orient Lighting Holdings Limited announced that on 9 April 2020, Mr. Xu Ming, an executive Director, was appointed as the Chief Executive Officer of the Company with immediate effect. Mr. Xu, aged 48, was appointed as an executive Director of the Company on 14 September 2016. The Board also announced that on 9 April 2020, Mr. Yau Yan Ming Raymond tendered his resignation as an executive Director with immediate effect, due to his intention to concentrate on his own business engagement.

Mr. Yau confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the Shareholders or the Stock Exchange.