The board of directors of Simplicity Holding Limited. announced the following changes of the Board and Board Committees. Mrs. Cheung Lau Lai Yin Becky has tendered her resignation as an independent non-executive Director, the chairman of the Remuneration Committee and members of the Audit Committee and of the Nomination Committee, with effect from 19 January 2022.

The Board announced that Mr. Chan Wai Pun has been appointed as an independent non-executive Director of the Company with effect from 19 January 2022. Mr. Chan, aged 54, has more than nineteen (19) years of experience in the food and beverage industry gained from different business entities, including Starbucks as the first General Manager of Southern part of Mainland China back in 2002. From January 2007 to March 2010, Mr. Chan worked as the Marketing Director and General Manager of Carpenter Tan Holdings Limited and supported the company to be successfully listed on The Stock Exchange of Hong Kong Limited.

From January 2011 to January 2015, Mr. Chan worked as the General Manager of Hui Lau Shan Food Manufacturing Company Limited, which operates dessert restaurants in Hong Kong. From April 2015 to February 2016, Mr. Chan worked as the Group Chief Operating Officer and Executive Director of Bite Limited, which operates several restaurants and fast food brands in Hong Kong including Triple O's, Yo Mama, Ciao Chow and Grom. Presently, he is the Group CEO of HR Woodward Foods Asia Company Limited.

The Board further announced that following the resignation of Mrs. Cheung, Mr. Chan will be appointed as the chairman of the Remuneration Committee and members of the Audit Committee and of the Nomination Committee with effect from 19 January 2022.