Luk Fook Holdings (International) Limited after the Annual General Meeting (the 'AGM') and a Board meeting of the Company both held on 20 August 2020 announced that Mr. TAI Kwok Leung, Alexander ('Mr. TAI'), Independent Non-executive Director, did not offer himself for re-election at the Company's AGM held on 20 August 2020. Mr. TAI retired and ceased to be director of the Company with effect from the conclusion of the AGM. The Board announces that upon retirement of Mr. TAI as a director of the Company on 20 August 2020, Mr. TAI ceased to be the Chairman of the Audit Committee and a member of each of the Remuneration Committee and Nomination Committee of the Company. Mr. MAK Wing Sum, Alvin ('Mr. MAK'), an Independent Non-executive Director of the Company, has been appointed as Chairman of the Audit Committee of the Company with effect from 20 August 2020. Mr. MAK is also the Chairman of the Nomination Committee and a member of each of the Audit Committee and Remuneration Committee of the Company. The Company hereby clarifies that Ms. YEUNG Po Ling, Pauline ('Ms. YEUNG') resigned from Non-executive Director of the Company in order to devote more time on her personal commitment.