The board of directors of Lapco Holdings Limited announced that Mr. Cai Weiming (Mr. Cai) and Mr. Wong Tsz Chun, Jacky (Mr. Wong) have tendered their resignation as executive Directors of the Company and Mr. Wong has tendered his resignation of authorised representative with effect from 31 July 2022. Mr. Cai and Mr. Wong will remain as employees of certain wholly-owned subsidiaries of the Company upon their resignations become effective. Mr. Cai and Mr. Wong have confirmed that they have no claim against the Company relating to their resignation and have no disagreement with the Board.

There is no matter relating to their resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the Stock Exchange). The Board is also pleased to announce that Mr. Mak Kwok Kei (Mr. Mak), an independent non-executive Director of the Company, has been appointed as the authorised representative for the purpose of Rule 5.24 of the GEM Listing Rules with effect from 31 July 2022, in place of Mr. Wong after his resignation as the authorised representative of the Company.