Steering Holdings Limited announced that on 3 May 2021, the board of directors passed a board resolution, pursuant to the terms of employment between the Company and the relevant Director(s), to remove (the ``Removal''), with immediate effect: (i) Mr. Ng Kin Siu (``Mr. Ng'') as an executive Director; and (ii) Mr. Chan Yuk Sang (``Mr. Chan''), Mr. Wan Chi Wai Anthony (``Mr. Wan'') and Mr. Lau Kwok Fai Patrick (``Mr. Lau'', together with Mr. Ng, Mr. Chan and Mr. Wan, the``Removed Directors'') as the independent non-executive Directors. The Removed Directors had failed to collaborate, in a timely manner, with the other members of the Board to proactively disclose relevant information to the shareholders and potential investors of the Company. The Board takes the view that the management style and ideology of the Removed Directors are substantially different from that of the other members of the Board and it would not be in the best interest of the Company and its shareholders as a whole to allow the Removed Directors to continue to take part in the management of the Company.