The board of directors (the "Directors") of China Trustful Group Limited (the "Company") and its subsidiaries (the "Group") announced that Mr. Wong Lok Man ("Mr. Wong") has been appointed as an independent non-executive director, chairman of audit committee (the "Audit Committee") and a member of each of the remuneration committee (the "Remuneration Committee") and the Nomination Committee (the "Nomination Committee"), Mr. Lo Cheuk Fei Jeffrey ("Mr. Lo") has been appointed as an independent non-executive director of the Company, chairman of Nomination Committee and a member of each the Audit Committee and the Remuneration Committee with effect from 31 December 2020 (the "Appointments"). Mr. Wong has entered into service contract with the Company for a term of one year from 31 December 2020 to 30 December 2021 (both dates inclusive), his term is subject to retirement and re-election as the independent non-executive director according to the Bye-laws of the Company.