The Board of Directors of Courage Investment Group Limited announces that Mr. Zhang Liang resigned as the Chief Executive Officer of the Company due to his other personal engagements which require more of his dedications, and Mr. Yuen Chee Lap, Carl ("Mr. Yuen"), currently the Financial Controller of the Company, has taken up the additional role as the Chief Executive Officer of the Company, both with effect from 16 September 2019. Mr. Yuen, Aged 45, is the Group's financial controller and is in charge of the Group's finance and accounting matters. He is a member of the Hong Kong Institute of Directors and the Association of Hong Kong Accountants. Mr. Yuen has rich experience in finance and accounting both in Hong Kong and the United States. He started his career in the United States when he joined a United States listed company in 2000 and served as its chief financial officer from 2000 to 2003.