The board of directors of REF Holdings Limited announced that with effect from the close of business on 24 January 2020, Ms. Chiu Hok Yu has tendered her resignation as an executive Director of the Company and a member of the remuneration committee and the nomination committee of the Company but remains as a managing director of REF Financial Press Limited. The Board further announced that Ms. Chiu has resigned as an authorised representative of the Company with effect from the close of business on 24 January 2020. Subsequent to the resignation of Ms. Chiu, Mr. Lau Man Tak has been appointed as the Authorised Representative pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange and the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with effect from the close of business on 24 January 2020 to replace Ms. Chiu.