The board of directors of AL Group Limited announces that Mr. Lam Chung Ho, Alastair ("Mr. Lam") has tendered his resignation as an executive Director and the Chairman of the Board (the "Chairman") of the Company with effect from 2 August 2021 as he needs to devote more time and dedication on his personal and other business commitments. Following the resignation of Mr. Lam as an executive Director and the Chairman, the Board announces Mr. Kwan Tek Sian ("Mr. Kwan"), an executive Director and chief executive officer (the "Chief Executive Officer") of the Company, has been appointed as the Chairman with effect from 2 August 2021. The change of the Chairman will make the Company derivate from code provision A.2.1 of the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules which requires that the roles of the Chairman and Chief Executive Officer should be separate and should not be performed by the same individual. Subsequent to the resignation of Mr. Lam, Mr. Lam has also ceased to be the chairman of the nomination committee of the Company (the "Nomination Committee") with effect from 2 August 2021. Mr. Tse Wai Hei ("Mr. Tse"), an independent non-executive Director of the Company, has been appointed as the chairman of the Nomination Committee with effect from 2 August 2021.