Golden Eagle Retail Group Limited announced that Mr. Chen Yihang has tendered his resignation as Chief Executive Officer of the Company due to other career development. Mr. Chen has ceased to perform the duties as CEO with effect from 17 November 2021. Following the resignation of Mr. Chen, the Board further announces that with effect from 17 November 2021, Mr. Wang Hung, Roger who is an executive director of the Company and the chairman of the Board has been re-designated as an executive director, the chief executive officer of the Company and the chairman of the Board. Mr. Wang and the Company. Mr. Wang will not be entitled to additional emolument solely due to the re-designation, taking into account the fact that Mr. Wang is already the executive director and controlling shareholder of the Company and the chairman of the Board.