Guoan International Limited Announces Retirement of Lee Kwok Leung as Independent Non-Executive Director, the Chairman of the Remuneration Committee and Member of Audit Committee and the Nomination Committee

The Board of Guoan International Limited announces that, as the resolution numbered 2(e) in respect of the re-election of Mr. LEE Kwok Leung ("Mr. Lee") was not passed at the AGM, Mr. Lee shall retire as an independent non-executive Director, the chairman of the remuneration committee of the Company (the "Remuneration Committee") and a member of each of the audit committee and the nomination committee of the Company with effect from the conclusion of the AGM.