Stelux International : RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND APPOINTMENT OF NEW INDEPENDENT NON-EXECUTIVE DIRECTOR

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Incorporated in Bermuda with limited liability

website:http://www.stelux.com

Stock Code: 84

RETIREMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR AND APPOINTMENT

OF NEW INDEPENDENT NON-EXECUTIVE DIRECTOR

The board of directors (the "Board") of Stelux Holdings International Limited (the "Company") announces that, after nearly 16 years of service, Mr. Wu Chun Sang ("Mr. Wu") has retired by rotation as an independent non-executive director of the Company upon the expiry of his term of office at the Annual General Meeting of the Company held on 28 August 2020 (the "AGM").

Mr. Wu has also retired as Chairman of the Audit Committee and a member of the Nomination Committee, Remuneration Committee and Corporate Governance Committee of the Company respectively from 28 August 2020.

Mr. Wu has confirmed that he has no disagreement with the Board, and there are no other matters relating to his retirement/cessation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Mr. Wu for his contributions to the Company during his term of office.

The Board extends a warm welcome to Mr. Ho Chi Kin (aka Jeff Ho) ("Mr. Ho"), aged 50, who was elected as an independent non-executive director of the Company at the AGM. Mr. Ho has also been appointed as Chairman of the Audit Committee and a member of the Nomination Committee, Remuneration Committee and Corporate Governance Committee of the Company respectively from 28 August 2020.

Mr. Ho holds a Master of Business Administration degree from Hawaii Pacific University and a Bachelor of Business Administration degree from the University of Hawaii. He is also a qualified accountant and a member of the American Institute of Certified Public Accountants and the Hong Kong Institute of Certified Public Accountants. Mr. Ho began his career as an accountant at Tang & Wong CPAs in Hawaii in 1993. From 2000 to 2005, he was a partner of CCP C.P.A. Limited where his work covered auditing and assurance for properties, manufacturing, construction, the trading and retailing business, hotels and financial institutions. From 2005 to 2016, Mr. Ho was founder and managing director of TAKA International Corporation ("TAKA") a professional firm for the provision of corporate restructuring, company secretarial and accounting services in mainland China; TAKA was subsequently acquired by the Vistra Group in 2014.

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Mr. Ho has extensive experience in the operation and development of online social platforms, online advertising service business and mobile /online games in mainland China. In addition, he has over 20 years of experience in wealth management services in Mainland China, Hong Kong and USA, providing independent financial consulting services for high-end customers, focusing on corporate restructuring, mergers and acquisitions and assisting domestic clients with managing assets in their overseas listings. Mr. Ho is currently an executive director and chief executive officer of Smartac Group (HKEX stock code : 395). Mr. Ho was an executive director, chief financial officer and company secretary of Daohe Global Group Limited, (HKEX stock code: 915) from 2018 to 2019.

As at the date of this announcement, Mr. Ho does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance. Save as disclosed herein, Mr. Ho does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company. Mr. Ho has not entered into any service contract with the Company but has entered into an appointment letter with the Company for a term of three years commencing from [28 August 2020] subject to retirement by rotation and re-election at general meetings of the Company. Mr. Ho shall be entitled to a director's fee of HK$135,000.00 per annum.

Save as disclosed above, Mr. Ho has confirmed that there is no information that needs to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules and there are no other matters that need to be brought to the attention of the shareholders of the Company.

By order of the Board

Caroline Chong

Company Secretary

Hong Kong, 31 August 2020

Directors of the Company as at the date hereof:

Executive directors:

Chumphol Kanjanapas (also known as Joseph C. C. Wong) (Chairman and Chief Executive Officer) and Wallace Kwan Chi Kin (Chief Financial Officer)

Non-Executive directors:

Lawrence Wu Chi Man (independent), Agnes Kwong Yi Hang (independent) and Ho Chi Kin (aka Jeff Ho) (independent)

* For identification purpose only

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