The Board of the Company notes that Mr. Lau Yu, th

The Board of the Company notes that Mr. Lau Yu, the CEO and director of the Company has been requested to assist ICAC in their investigations. At the request of the Company, trading in the Shares was suspended with effect from 9:30 a.m. on 0 January 202. An application has been made to the Stock Exchange for the resumption of trading in the Shares with effect from 9:00 a.m. on  May 202. The Board of Directors (the “Board”) of the “Company” notes that Mr. Lau Yu (“Mr. Lau”), the chief executive officer (the “CEO”) and director of the Company, has been requested to assist Independent Commission Against Corruption (“ICAC”) in their investigation in relation to matters that do not involve the Company (or its existing or past subsidiaries or their assets) at all. Mr. Lau maintains that ICAC’s investigation is entirely baseless and he will fully cooperate but defend the matter vigorously.