The Board of SITC International Holdings Company Limited announced that with effect from 18 December 2020: Mr. Tsui Yung Kwok has resigned as an independent non-executive Director, chairman of the Audit Committee and member of each of the Remuneration Committee and Risk Management Committee; and Dr. Liu Ka Ying, Rebecca has been appointed as an independent non- executive Director, chairman of the Audit Committee and member of each of the Remuneration Committee and Risk Management Committee. Dr. Liu possesses experience in management, finance, investment in real estate development and private investment funds, as well as accounting and financial management. From June 1996 to March 2002, Dr. Liu served as the general manager for the Asia and China region of The PRG-Schultz International Inc., a company listed on NASDAQ. In January 2007, Dr. Liu was appointed as the chief executive officer of AllPanther Asset Management Limited and has served at such position since then. Since November 2013, Dr. Liu has been appointed as an independent non- executive director and chairman of the audit committee of Logan Group Company Limited, the shares of which are listed on the Main Board of the Stock Exchange (stock code: 3380). Dr. Liu is currently the senior vice president of Fortune (Shanghai) Limited.