The Board of Directors of EPI (Holdings) Limited announced that Mr. Liu Zhiyi ceased to be the Chief Executive Officer of the company with effect from 30 June 2020 as he needs to devote more time to his other business engagements. Mr. Liu confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of the shareholders of the company. Subsequent to Mr. Liu's resignation, his day-to-day management responsibilities as the Chief Executive Officer of the company will be temporarily taken up by other Executive Directors of the company.