Oriental Explorer Holdings Limited announced that at the AGM held on May 27, 221, the company approved the Mr. Wong Yim Sum ("Mr. Wong") and Mr. Lee Siu Man, Ervin ("Mr. Lee") have retired as independent non-executive Directors by rotation at the AGM in accordance with the Bye-laws. Mr. Wong and Mr. Lee have decided not to stand for re-election in order to devote more time to pursue their respective other business commitments and accordingly they have ceased to be independent non-executive Directors from the conclusion of the AGM. Mr. Lo Mun Lam, Raymond ("Mr. Raymond Lo") and Mr. Lo Kam Cheung, Patrick ("Mr. Patrick Lo") have been appointed as independent non-executive Directors, with effect from 27 May 2021 upon conclusion of the AGM. Mr. Patrick Lo has been appointed as an independent non-executive director of Da Sen Holdings Group Limited, a company listed on the main board of the Stock Exchange, effective from 19 May 2021; and each of Mr. Raymond Lo and Mr. Patrick Lo has been appointed as an independent non- executive director of Multifield International Holdings Limited, a company listed on the main board of the Stock Exchange (Stock Code: 430), effective from 27 May 2021. With effect from the conclusion of the AGM: Mr. Wong has ceased to be the chairman of the Company's audit committee (the "Audit Committee") and a member of each of the Company's remuneration committee (the "Remuneration Committee") and nomination committee (the "Nomination Committee"); Mr. Lee has ceased to be a member of each of the Audit Committee, Remuneration Committee and Nomination Committee; Mr. Raymond Lo has been appointed by the Board to serve as a member of each of the Audit Committee, Remuneration Committee, and Nomination Committee; and Mr. Patrick Lo has been appointed by the Board to serve as the chairman of the Audit Committee, and a member of each of the Remuneration Committee and Nomination Committee.