Palace Banquet Holdings Limited announces that Mr. Chan Shou Ming has tendered his resignation as an executive Director of the Company with effect from 1 October 2022 in order to devote more time to the banquet business management of the Group. Mr. Chan has confirmed that he has no disagreement with the Board and there are no circumstances which need to be brought to the attention of the shareholders of the Company and the Stock Exchange in relation to his resignation. The Board is of the view that the resignation of Mr. Chan will not have significant adverse impact on the businesses and operations of the Group. The Board would like to take this opportunity to
express its sincere gratitude to Mr. Chan for his valuable contributions to the Company during his tenure of services.