The board of directors of KNK Holdings Limited announced that the Board has accepted the resignation of Mr. Chan Chung Yin, Victor ("Mr. Chan") as independent non- executive Director of the Company with effect from 2 November 2020 for the reason that he requires more time to pursue his other business engagement. Upon his resignation, Mr. Chan automatically ceased to be the chairman of the Nomination Committee and a member of the Audit Committee and the Remuneration Committee under the Board. The Board also announced that Ms. Chan Yuk Chun ("Ms. Chan") has been appointed as independent non-executive Director of the Company with effect from 2 November 2020 and at the same time succeed Mr. Chan for all the above positions vacated by him under the Board. Ms. Chan is an associate member and Chartered Governance Professional of The Hong Kong Institute of Chartered Secretaries. Ms. Chan holds a Master Degree in Corporate Finance from Hong Kong Polytechnic University and an external Bachelor Degree in Laws from University of London. She has experience in business consultation and over 20 years experience in serving a number of listed companies in Hong Kong as company secretary.