Lerthai : RESIGNATIONS OF INDEPENDENT NON-EXECUTIVE DIRECTOR

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 INDEPENDENT NON-EXECUTIVE DIRECTOR

The board ("Board") of directors ("Directors") of Lerthai Group Limited (In Liquidation) ("Company") announces that with effect from 21 January 2021, Mr Francis Chiu ("Mr Chiu") has tendered his resignation as an independent non-executive Director, and ceased to be the member of audit and risk management committee (the "Audit Committee") of the Company.

Mr Chiu has informed the Board that he resigned due to his other personal commitments and has confirmed that he has no disagreement with the Board, nor is there any matter in relation to his resignation that should be brought to the attention of the shareholders of the Company or the Stock Exchange.

Upon resignation of Mr Chiu as an independent non-executive Director, the number of independent non-executive Directors and the members of Audit Committee fell below the minimum number required under Rule 3.10(1) and Rule 3.21 of the Rules Governing the Listing of Securities on the Stock Exchange ("Listing Rules").

In order to comply with the Listing Rules, the Company will use its best endeavours to identify suitable candidates to fill the casual vacancies on the Board for the position of independent non-executive Director, as soon as practicable and in accordance with Rule 3.10(1) and 3.21 of the Listing Rules.

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.

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, 8 March 2021

On the basis of the information available from the previous announcements made by the Company, the executive director, the non-executive directors and the independent non-executive directors are as follows:-

Executive Director: Mr. Yang LongfeiNon - executive Directors: Mr. Chan Ho Yin

Ms. Chi Lai Man Jocelyn

Independent Non - executive Directors: Mr. Wong Hon Kit

Mr. Wong Tat Keung