Lamtex Holdings Limited announced Mr. WONG Man Keung has resigned as the executive director of the Company and has been re-designated from the chief executive officer of the Company to the general manager of the Company with effect from 23 March 2020; Dr. Loke Yu alias Loke Hoi Lam has resigned as the independent non-executive director, the chairman of the audit committee and a member of each of the remuneration committee, nomination committee and investment and management committee of the Company with effect from 23 March 2020; Mr. Tse Long has resigned as the independent non-executive director and a member of each of the audit committee, remuneration committee and nomination committee of the Company with effect from 23 March 2020; Mr. Huang Bin has been appointed by the Board as the chairman of the Board with effect from 23 March 2020; Mr. Wen Wenfeng has been appointed by the Board as the executive director of the Company with effect from 23 March 2020; and Mr. Liu Kam Lung has been re-designated from a member of the audit committee of the Company to the chairman of the audit committee of the Company with effect from 23 March 2020. Wong has confirmed that he does not have any disagreement with the Board, and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board announced that, due to their desire to devote more time to other business engagements and personal affairs, Dr. Loke Yu alias Loke Hoi Lam ("Dr. Loke") and Mr. Tse Long ("Mr. Tse") have resigned as independent non-executive director of the Company with effect from 23 March 2020.

Change in composition of board committees. The Board would like to announce that with effect from 23 March 2020: Remuneration Committee: Each of Dr. Loke and Mr. Tse ceased to be a member of the remuneration committee of the Company. Nomination Committee: Each of Dr. Loke and Mr. Tse ceased to be a member of the nomination committee of the Company.

Audit Committee: Dr. Loke ceased to be the chairman of the audit committee of the Company and Mr. Tse ceased to be a member of the audit committee of the Company. Mr. Liu Kam Lung has been appointed as the chairman of the audit committee of the Company. Investment and Management Committee: Dr. Loke ceased to be a member of the investment and management committee of the Company.