The board of directors of AVIC Joy Holdings (HK) Limited announced that Mr. Fu Fangxing has tendered his resignation as an executive Director with effect from 18 January 2019 as he would like to spend more time on his other businesses. Mr. Fu has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.