The board of directors of Sino Hotels (Holdings) Limited announces that Mr. Giovanni Viterale ("Mr. Viterale") has tendered his resignation as an Executive Director of the Company with effect from 31st December, 2021. Mr. Viterale's resignation is on his own accord to pursue his other interests. Mr. Viterale has confirmed that he has no disagreement with the Board and that he is not aware of any matter that needs to be brought to the attention of the shareholders of the Company in respect of his resignation.