The board of directors of Continental Holdings Limited announces that Dr. Chan Sing Chuk, Charles (" Dr. Chan ") has tendered his resignation as an executive director of the Company with effect from 1 October 2022 as Dr. Chan, in his seventies, desires to retire and devote more time to his personal endeavours. Dr. Chan has confirmed that he has no disagreement with the Board, and there are no matters in relation to his resignation from the above position that need to be brought to the attention of the shareholders of the Company.