The Board of Directors of High Fashion International Limited announced that Mr. Lam Foo Wah (Mr. Lam) has tendered his resignation as the Managing Director of the Company with effect from 1 February 2020 due to his personal reason, and remains as the Chairman, an Executive Director and the chairman of the Nomination Committee of the Company. Following the resignation of Mr. Lam as Managing Director of the Company, the Board is announced that with effect from 1 February 2020: Mr. Lam Gee Yu, Will ("Mr. Will Lam"), an Executive Director of the Company, be appointed as the Managing Director of the Company. He will be responsible for the management of all the businesses in the Group; and Mr. Lam Din Yu, Well ("Mr. Well Lam"), an Executive Director of the Company, be appointed as the Managing Director (China) of the Company.

He will be responsible for the management of the businesses of the Group in Mainland China. Mr. Will Lam, aged 37, is an Executive Director and a member of the Remuneration Committee and Risk Management Committee of the Company. He is also a director of various subsidiaries of the Company.

He joined the Group in 2010. Mr. Well Lam, aged 35, is an Executive Director and a director of various subsidiaries of the Company. He joined the Group in 2006.