Victory Group Limited announced that the Company received a resignation letter from Mr. Ip Ka Keung Patrick ("Mr. Ip") that Mr. Ip would resign from its position as an independent non-executive director of the Company with effect from 3 January 2022 on his own accord due to he would like to devote more time to his other work commitment. Following the resignation of Mr. Ip, he also ceased to be the chairman of the audit committee of the Company and a member of each of the remuneration committee and nomination committee of the Company.