The board of directors of Cosmo Lady (China) Holdings Company Limited announced that, the current chief executive officer (the “CEO”) of the Company, Mr. Siu Ka Lok, has been appointed as an executive director of the Company with effect from 31 March 2020. Mr. Siu, joined adidas Sports (China) Co. Ltd. (“adidas”) in 2002, and was formerly the senior vice president of adidas Greater China, responsible for all business in Greater China. Under his leadership, the revenue and profit of adidas in Greater China have recorded sustainable and profitable growth every year, making adidas one of the most popular sport wear brands in Greater China. As the CEO of the Company, Mr. Siu’s major duty is to manage the intimate wear business of the Group, responsible for planning the strategic development of the Group, implementing the strategies, policies and regulations approved by the Board, and supervising the daily work of core senior officers of the Group. Further details of his employment are available in the announcement of the Company dated 19 August 2019. The Board further announced that Mr. Cheng Zuming has resigned as a non-executive director of the Company with effect from 26 February 2020 on the ground that he would like to devote more time to his business engagements. Mr. Cheng has confirmed that there is neither disagreement with the Board of the Company nor any other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company or the Stock Exchange.