Tycoon Group Holdings Limited announced that with effect from 17 December 2021, Mr. Wong Yuk Woo Louis resigned as an independent non-executive Director, the chairman of the remuneration committee of the Board and a member of each of the audit committee, corporate governance committee and nomination committee of the Board due to his pursuit of his business career. The Board also announced that Mr. Mak Chung Hong, also known as Mak Tommy Chung Hong, has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee, Corporate Governance Committee and Nomination Committee with effect from 17 December 2021 to take the place of Mr. Wong.