The board (the "Board") of directors (the "Directors") of the Mansion International Holdings Limited announced that with effect from 1 April 2022, Mr. Kwan Kar Man ("Mr. Kwan") has tendered his resignation to act as an executive Director, the company secretary of the Company (the "Company Secretary"), an authorised representative of the Company under Rule 5.24 of the GEM Listing Rules (an "Authorised Representative"), an authorised representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Process Agent") due to pursuit of other business opportunities. Mr. Kwan has confirmed that there is no disagreement between him and the Board in any respect and there are no other matters in relation to his Resignation and Cessation that need to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The company announced that Ms. Kam Chun Fong (" Ms. Kam ") has been appointed as an executive Director with effect from 1 April 2022.

Biographical details of Ms. Kam are as follows: Ms. Kam, aged 69, has over 35 years of experience in the senior management of a sizable retail store who responsible for decision making on the operations and in the areas of retail and online marketing of the products. She is familiar with retail business, personnel management and has rich experience in operations and marketing development. As at the date of this announcement, Ms. Kam has not entered into any written service contract with the Company but will hold office until the first annual general meeting of the Company after her appointment and will be subject to retirement and re-election at such meeting.

If re-elected thereat, Ms. Kam will be subject to retirement by rotation in accordance with the articles of association of the Company. Ms. Kam is entitled to receive HK$5,000 per month as director's fee. Her remuneration has been determined by the Board on the recommendation of the remuneration committee of the Company by reference to her qualifications, experience, duties and responsibilities with the Group and the financial situation of the Group as well as the prevailing market conditions.

The company announced that Mr. Tse Fung Chun ("Mr. Tse") has been appointed as the Company Secretary, an Authorised Representative and the Process Agent. with effect from 1 April 2022. Biographical details of Mr. Tse are as follows: Mr. Tse Fung Chun, aged 33, obtained a Bachelor's degree in Accounting from University of Queensland in Australia in 2011.

Mr. Tse is a certified public accountant of The Hong Kong Institute of Certified Public Accountants and CPA Australia and a chartered management accountant of the Chartered Institute of Management Accountants. Mr. Tse has over nine years of experience in auditing, accounting and corporate governance. Mr. Tse is a shareholder of Rica Corporate Services Limited, a company incorporated in Hong Kong and holds a trust or company service provider licence pursuant to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Chapter 615 of the Laws of Hong Kong).

The Board hereby announces that Mr. Wang Rongqian ("Mr. Wang") has resigned from his office as an independent non-executive Director, the chairman of the remuneration committee of the Board (the "Remuneration Committee"), a member of each of the audit committee of the Board (the "Audit Committee") and the nomination committee of the Board (the "Nomination Committee") with effect from 1 April 2022 in order to pursue other work and business commitments. The company announced that Mr. Lang Yonghua ("Mr. Lang") has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, and a member of each of the Audit Committee and the Nomination Committee with effect from 1 April 2022. Biographical details of Mr. Lang are as follows: Mr. Lang, aged 60, has over 29 years of experience in the trading industry.

Mr. Lang has held managerial positions in various sizeable corporation in China from 1997 to 2017. He has mainly been responsible for business development, marketing and financial management. As at the date of this announcement, Mr. Lang has not entered into any written service contract with the Company but will hold office until the first annual general meeting of the Company after his appointment and will be subject to retirement and re-election at such meeting.

If re-elected thereat, Mr. Lang will be subject to retirement by rotation in accordance with the articles of association of the Company. Mr. Lang is entitled to receive HK$5,000 per month as director's fee. His remuneration has been determined by the Board on the recommendation of the Remuneration Committee by reference to his qualifications, experience and duties and responsibilities with the Group as well as the prevailing market conditions.

Upon Mr. Wang ' s resignation, he also ceased to be the chairman of the Remuneration Committee, and a member of each of the Audit Committee and the Nomination Committee. The Board further announces that with effect from 1 April 2022, Mr. Lang has been appointed as the chairman of the Remuneration Committee, and a member of each of the Audit Committee and the Nomination Committee.