The board (the "Board") of directors of Hosa International Limited announced that: Mr. Lui Wai Ming ("Mr. Lui") has resigned as an executive director, a member of the Risk Management Committee and chief financial officer of the Company, in order to devote more time on his other business commitments, with effect from 1 August 2018, i.e. 31 July 2018 being the last day of office of Mr. Lui; and Mr. Yau Chi Ming ("Mr. Yau") has resigned as an independent non-executive director of the Company, chairman of the audit committee of the Company and members of the nomination committee and remuneration committee of the Company, in order to devote more time to develop his own business, with effect from 1 August 2018, i.e. 31 July 2018 being the last day of office of Mr. Yau. Upon resignation of Mr. Yau, the position of the chairman of the audit committee of the Company becomes vacant.