The board of directors of Differ Group Holding Company Limited announced that Mr. Chen Naike ("Mr. Chen") has been appointed as independent non-executive Director with effect from 4 December 2019. Mr. Chen, aged 51, is the chairman of Guohe Holding Group Limited since 2007, chairman of Zhejiang Qiaoshang Holding Limited since 2014. The Board also announces that Mr. Zeng Haisheng ("Mr. Zeng") has tendered his resignation as an independent non-executive Director in order to devote more time to his other commitments, with effect from 4 December 2019. Mr. Zeng has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company and the Stock Exchange. The composition of the Board committees has been changed as: (1) Mr. Hong Mingxian has been appointed as the chairman of the nomination committee of the Company (the "Nomination Committee"); (2) Mr. Ng Chi Chung has been appointed as the member of the Remuneration Committee; (3) Mr. Wu Qinghan has been appointed as the member of the audit committee of the Company (the "Audit Committee"); and Mr. Zeng Haisheng has resigned as the chairman of the Nomination Committee, a member of the Audit Committee and the Remuneration Committee.