The board of directors of Optima Automobile Group Holdings Limited announces that: Mr. ANG Lay Keong (Hong Liqiang) (" Mr. Ang ") will resign as the chairman of the Board (the "Chairman") with effect from 15 August 2021. Mr. Ang will continue to be an executive Director and Chief Executive Officer after his resignation as the Chairman. Mr. Ang has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company in connection with his resignation as the Chairman. Mr. HU Wu'an ("Mr. Hu"), an executive Director, was selected by the Board to succeed Mr. Ang as the Chairman with effect from 15 August 2021.