The board of directors of Singamas Container Holdings Limited announced that Mr. Lau Ho Kit, Ivan and Mr. Cheng Fu Kwok, David will retire from their office as an independent non-executive Director at the forthcoming annual general meeting of the Company to be held on 26 June 2024 ("AGM") in accordance with the Articles of Association of the Company (the "Articles") and will not offer themselves for re-election as Mr. Lau and Mr. Cheng intend to devote more time to their other work engagements and commitments. Upon the retirement of Mr. Lau taking effect, he will cease to be the chairman of the audit committee of the Company ("Audit Committee") and the member of each of the nomination committee of the Company ("Nomination Committee") and the remuneration committee of the Company ("Remuneration Committee"). Upon the retirement of Mr. Cheng taking effect, he will cease to be the chairman of the Remuneration Committee and the member of each of the Audit Committee and Nomination Committee.