Shunten International (Holdings) Limited announced with regrets that Mr. Tam Kin Yip and Mr. Leung Man Loon ceased to be the independent non-executive Directors and members of the audit committee, nomination committee (the ``Nomination Committee'') and remuneration committee (the ``Remuneration Committee'') of the Company upon their retirements from the Board at the conclusion of the Adjourned AGM in accordance with the articles of association of the Company. Mr. Tam and Mr. Leung would like to devote more time to pursue other career interests and therefore they have not offered themselves for re-election. Mr. Tam and Mr. Leung have confirmed that they have no disagreement with the Board and there is no matter that needs to be brought to the attention of the shareholders of the Company in respect of their retirements.

The Board wishes to extend its sincere gratitude to Mr. Tam and Mr. Leung for their valuable contributions to the Group during their tenure of service.