Lark Distilling Co. Ltd. advised that MrLaurent Ly has tendered his resignation as a Non-Executive Director of the Company, effective 22 April 2021 following the block trade of his related entity, Ace Cosmo Development Limited's, shareholding in the Company to a number of Australian institutional investors including Perennial Value Management, Greencape Capital and Mirrabooka Investments. Following the sale Ace Cosmo Development no longer retains any shareholding in the Company.