The board of directors of Hang Tai Yue Group Holdings Limited announced that Ms. Pauline Lam ("Ms. Lam") has tendered her resignation as an executive Director with effect from 19 August 2021 due to her other commitments which require more of her time. Ms. Lam has confirmed that she has no disagreement with the Board and there is no matter in respect of her resignation that needs to be brought to the attention of the shareholders of the Company ("Shareholders"). The Board announced that with effect from 19 August 2021, Mr. Fong Chak Kiu (formerly known as Fong Hing Lun) ("Mr. Fong") has been appointed as an executive Director. Mr. Fong has been a business development manager of a securities company in Hong Kong since April 2017. Mr. Fong was a director of Brispring Limited.