The board of directors of China Trustful Group Limited and its subsidiaries announced that Mr. Sit Sai Hung, Billy has resigned as an independent non-executive Director, the chairman of audit committee and members of each of remuneration committee and nomination committee of the Company all with effect from 4 December 2020 due to his desire to devote more time to his other business engagements. Mr. Sit has confirmed to the Board that he has no disagreement with the Board and that there is no other matter in relation to the Resignations that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the shareholders of the company.