Lerthai : RESIGNATION OF CHAIRMAN OF THE BOARD, EXECUTIVE DIRECTOR, MEMBER OF THE NOMINATION COMMITTEE AND REMUNERATION COMMITTEE, CHAIRMAN OF CORPORATE SOCIAL RESPONSIBILITY COMMITTEE AND CHIEF EXECUTIVE OFFICER

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(In Liquidation)

(Incorporated in Hong Kong with limited liability)

(Stock Code: 112)

RESIGNATION OF CHAIRMAN OF THE BOARD,

EXECUTIVE DIRECTOR,

MEMBER OF THE NOMINATION COMMITTEE AND

REMUNERATION COMMITTEE,

CHAIRMAN OF CORPORATE SOCIAL RESPONSIBILITY

COMMITTEE AND

CHIEF EXECUTIVE OFFICER

The board ("Board") of directors ("Directors") of Lerthai Group Limited (In Liquidation) ("Company") announces that due to personal commitments, Mr. Yang Longfei ("Mr. Yang") resigned as the Chairman of the Board, Executive Director, a member of the Nomination Committee and the Remuneration Committee, the Chairman of Corporate Social Responsibility Committee and the Chief Executive Officer of the Company all with effect from 9 April 2021.

Mr. Yang has confirmed that he has no disagreement with the board of directors of the Company and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to his resignations.

CONTINUED SUSPENSION OF TRADING

Trading in the shares of the Company on the Stock Exchange, which has been suspended with effect from 9:00 a.m. on 21 January 2021, remains suspended and will continue to be so until further notice.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

The Company will make further announcements as and when appropriate.

If the shareholders of the Company have any query about the implications of the winding up order, the appointment of Liquidators and the continued suspension of the trading, they should obtain appropriate professional advice.

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For and on behalf of

Lerthai Group Limited (In Liquidation)

So Man Chun

Jong Yat Kit

Joint and Several Liquidators

acting as agents without personal liabilities

Hong Kong, 12 April 2021

As at the date of this announcement, the Board comprises Mr. Wong Hon Kit and Mr. Wong Tat Keung as independent non-executive directors.

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