The board of directors of Cocoon Holdings Limited announced that Mr. Mak Hing Keung Thomas has resigned as a non-executive Director and ceased to be a member of each of the audit committee and the remuneration committee of the Board with effect from the date of this announcement. The resignation of Mr. Mak as a non-executive Director is due to his other business commitments. Following the cessation of Mr. Mak as a member of the Audit Committee, Mr. Wong Chung Yan Sammy, an independent non-executive Director, has been appointed as a member of the Audit Committee with effect from the date of this announcement.