Cathay International Holdings Limited announced that Lee Jin Yi will retire upon the expiry of his service contract on 24 January 2020. By mutual agreement with the Board, Lee will cease to be the Chief Executive Officer, Director and member of Executive Committee of the Company with effect from 31 October 2019. Lee has confirmed that he is retiring for personal reasons and has no disagreement with the Board and there is no matter relating to his retirement that needs to be brought to the attention of the shareholders of the Company.