The Board of Values Cultural Investment Limited announced that Mr. Liu Naiyue ("Mr. Liu"), the chairman of the Board and an executive Director, has appointed Mr. Au Yeung Ming Yin Gordon (" Mr. Au Yeung"), one of the joint company secretaries of the Company (the "Appointment"), as his alternate to represent him to attend the annual general meeting of the Company (and at any adjournment thereof) to be held on 28 May 2021 (Friday) (the "Meeting") with effect from 25 May 2021. The Appointment shall be ceased at the conclusion of the Meeting. Mr. Au Yeung, aged 45, was appointed as one of the joint company secretaries of the Company. Mr. Au Yeung is the company secretary of Cocoon Holdings Limited since February 2019. He is the financial controller and company secretary of China Finance Investment Holdings Limited since May 2019. He is an independent non-executive director of Amco United Holding Limited since March 2018.