The board of directors of Asia Orient Holdings Limited announces the following changes to the Board: Mr. Hung Yat Ming ("Mr. Hung") has resigned from his position as an independent non-executive Director, the chairman of the Audit Committee of the Company (the "Audit Committee") as well as a member of the Remuneration Committee of the Company (the "Remuneration Committee") with effect from 15 January 2021 in order to pursue his personal goals. Mr. Leung Wai Keung ("Mr. Leung") has been appointed as an independent non-executive Director with effect from 15 January 2021. Mr. Leung is an independent non-executive director, a member of the Remuneration Committee and the Audit Committee of Asia Standard InternationalGroup Limited. He is also an independent non-executive director and a member of the Audit Committee of Asia Standard Hotel Group Limited ("Asia Standard Hotel"). Subsequent to the resignation of Mr. Hung, Mr. Wong Chi Keung, an independent non-executive Director as well as a member of the Audit Committee and the chairman of the Remuneration Committee, has been appointed the chairman of the Audit Committee to fill the vacancy left by Mr. Hung with effect from 15 January 2021.