Speed Apparel Holding Limited announced that Mr. Cheung has tendered his resignation as independent non-executive Director and Mr. Chan has been appointed as an independent non- executive Director. The Board announced that, following his resignation as a Director, Mr. Cheung has also ceased to be the chairman of the audit committee and a member of each of the remuneration committee and the nomination committee of the Company with effect from 9 July 2021, and Mr. Chan has been appointed as the chairman of the audit committee and a member of the remuneration committee and the nomination committee of the Company in his place with effect from 9 July 2021. The company also announced that Cheung Kwok Yu has tendered his resignation as independent non-executive Director with effect from 9 July 2021 due to his desire to focus on his other business engagements. Additionally, Mr. Chan Cheuk Ho has been appointed as an independent non-executive Director with effect from 9 July 2021. In the past 20 years, Mr. Chan has been the finance director, financial controller and company secretary of several companies listed on the Main Board of the Stock Exchange. He has been (i) an independent non-executive director of Eagle Nice (International) Holdings Limited, the issued shares of which are listed on the Main Board of the Stock Exchange since November 2002; (ii) an executive director of Pine Technology Holdings Limited, the issued shares of which are listed on the Main Board of the Stock Exchange since June 2017; and (iii) an independent non-executive director of Wai Chun Bio-Technology Limited, the issued shares of which are listed on the Main Board of the Stock Exchange since November 2020. He has also been the company secretary of Pine Technology Holdings Limited since July 2017.