The board of directors of Dragon Rise Group Holdings Limited announced that Mr. Lo Chi Wang has tendered his resignation as an independent non-executive Director with effect from 1 September 2021 in order to focus on his other business and personal commitments. Immediately upon the taking effect of his resignation, Mr. Lo will also cease to be a member of each of the remuneration committee and the audit committee of the Board. The Board is pleased to further announce that Mr. Chan Wa Shing, an existing independent non-executive Director, has been appointed as a member of each of the Audit Committee and the Remuneration Committee of the Company, with effect from 1 September 2021.