The board of directors of China South City Holdings Limited announced that the following changes in Directors of the Company with effect from 1 April 2020: Dr. Ma Kai Cheung ("Dr. Ma"), for the purpose of devoting more time on personal affairs and charity affairs, has tendered his resignation as Non-Executive Director of the Company, and accepted the Company's sincere invitation to act as Honourable Adviser of the Group; Mr. Fung Sing Hong Stephen ("Mr. Fung"), for the purpose of devoting more time with family, developing personal interest (exploration of religion and philosophy) and participating in charity activities, has tendered his resignation as the Vice Chairman of the Group and Executive Director of the Company, and accepted the Company's sincere invitation to act as Senior Adviser of the Group; Mr. Wu Guangquan ("Mr. Wu"), will be appointed as an Executive Director of the Company. Mr. Wu, aged 58, will be appointed as an Executive Director of the Company with effect from 1 April 2020. He is primarily responsible for the management of the Group's resources integration, business development strategy and daily operations of the Group. Mr. Wu graduated from Tongji University with a master degree in Business Administration. He has extensive experience in finance, administration and management. He is the president of presidium of China Federation of Industrial Economics, and also as the president and executive chairman of Federation of Shenzhen Industries.