The board of Sanbase Corporation Limited announced that Dr. Sung Tak Wing, Leo (Dr. Sung) and Mr. Chan Charles Cham Chuen (Mr. Chan) did not offer themselves for re-election at the AGM and retired as executive Director and Independent non-executive Director, respectively, by rotation in accordance with Article 109 of the Articles, with effect from the conclusion of the AGM. Upon Mr. Chan's retirement, Mr. Chan has also ceased to be a member of each of the Remuneration Committee, the Nomination Committee and the Audit Committee of the Board. Upon the retirement of Mr. Chan, both the Audit Committee and Remuneration Committee comprise Mr. Cheung and Mr. Law as the chairman and member, respectively, while the Nomination Committee comprises Mr. Wong as the chairman, and Mr. Cheung and Mr. Law as members.