The board of directors of Perfect Group International Holdings Limited announced that Mr. Li Cheuk Wai has resigned as an independent non-executive Director, the chairman of remuneration committee, a member of the audit committee, the nomination committee and the risk management committee of the Board with effect from 1 May 2020 due to his decision to devote more time to his personal development. The board announced that Mr. Lee Ka Wing has been appointed as an independent non-executive Director, the Chairman of Remuneration Committee, a member of the Audit Committee, the Nomination Committee and the Risk Management Committee with effect from 1 May 2020.