The board of directors of Summit Ascent Holdings Limited announced the following: Mr. Wang, John Peter Ben has resigned as an Executive Director and the Deputy Chairman of the Board due to other business engagements with effect from 12 April 2019. Mr. Wang has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company. Following the resignation of Mr. Wang as Executive Director and the Deputy Chairman of the Board of the Company, he has ceased to act as an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange and an authorized representative for accepting service of process and notices on behalf of the Company in Hong Kong as required under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively, the "Authorized Representatives") with effect from 12 April 2019. Mr. Lo Kai Bong, an existing Non-executive Director of the Company, has been appointed in place of Mr. Wang as the aforementioned Authorized Representatives with effect from 12 April 2019.