The board of directors of LEAP Holdings Group Limited announced that Mr. Ip Ying Chau ("Mr. Ip") has resigned as an executive Director, the chairman of the Board (the "Chairman") and the chief executive officer of the Company with effect from 30 April 2018 due to other business engagement which requires more of his attention and dedication. The Board announced that Mr. Chan Chun Yiu Thomas ("Mr. Chan") has resigned as an independent non-executive Director with effect from 30 April 2018 due to other business engagement which requires more of his attention and dedication. The Board further announced that Mr. Lee Man Chiu ("Mr. Lee") has been appointed as an independent non-executive Director with effect from 30 April 2018.

With effect from 30 April 2018, the composition of the Board committees has been changed as follows: Audit Committee: Mr. Chan has resigned as a member of the audit committee of the Company (the "Audit Committee") and Mr. Lee has been appointed as a member of the Audit Committee; Nomination Committee: Mr. Chan has resigned as a member of the nomination committee of the Company (the "Nomination Committee") and Mr. Lee has been appointed as a member of the Nomination Committee; Remuneration Committee: Mr. Chan has resigned as the chairman and a member of the remuneration committee of the Company (the "Remuneration Committee") and Mr. Lee has been appointed as the chairman and a member of the Remuneration Committee.