The board of directors of CHTC Fong's International Company Limited announced that Mr. Ji Xin (Mr. Ji) has tendered his resignation as an Executive Director and the Chief Executive Officer of the Company and other directorship in subsidiaries of the Group with effect from 18 October 2019 due to his new assignment in China Hi-Tech Group Corporation the controlling shareholder of the Company. The Board announced that Mr. Guan Youping (Mr. Guan) has been appointed as an Executive Director and the Chief Executive Officer of the Company in replacement of Mr. Ji with effect from 18 October 2019. Mr. Ji Xin ceased to be the Authorised Representative under the Listing Rules and the Authorised Representative under the Companies Ordinance.

Mr. Guan Youping has been appointed as the Authorised Representative under the Listing Rules and the Authorised Representative under the Companies Ordinance. Upon Mr. Ji's resignation, he also ceased to be a member of the Nomination Committee and a member of the Remuneration Committee of the Board. The Board announced that Mr. Guan has been appointed as a member of the Nomination Committee and a member of the Remuneration Committee with effect from 18 October 2019.