The board of directors of Safety Godown Company, Limited announced that Mr. Gan Khai Choon has tendered his resignation as an independent non-executive Director, the chairman of the audit committee and a member of the remuneration and nomination committee of the Company with effect from 17 August 2020 due to his other commitments. Mr. Gan has confirmed that (i) he has no claims against the Company in respect of his resignation; (ii) he has no disagreement with the Board; and (iii) there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company. In order to meet the chairman requirement under Rule 3.21 of the Listing Rules, the Board announced that Mr. Leung Man Chiu, Lawrence who is an INED of the Company, will be appointed the chairman of the Audit Committee with effect from 17 August 2020.