The board of directors of Oriental Explorer Holdings Limited hereby announced that Mr. Wong Yim Sum and Mr. Lee Siu Man, Ervin, independent non-executive Directors, shall retire by rotation at the annual general meeting of the company which is expected to be held on May 27, 2021 in accordance with the bye-laws of the company. Mr. Wong and Mr. Lee have decided not to stand for re-election in order to devote more time to pursue their respective other business commitments and accordingly they will cease to be independent non-executive Directors from the conclusion of the AGM. Upon retirement as independent non-executive Directors, Mr. Wong will cease to be the chairman of the company's audit committee and a member of each of the company's remuneration committee and nomination committee, whereas Mr. Lee will cease to be a member of each of the Audit Committee, Remuneration Committee and Nomination Committee.