The board of directors of Nan Nan Resources Enterprise Limited announced that with effect from November 20, 2018: The office of Ms. Lo Fong Hung (Ms. Lo) as an executive Director be vacated pursuant to bye-law 89(3) of the bye-laws of the company; and Mr. Wong Sze Wai (Mr. Wong) be appointed as an executive Director to fill the vacancy created by the disqualification of Ms. Lo. According to the bye-law 89(3) of the bye-laws of the Company, the office of a Director shall be vacated if the Director without special leave of absence from the Board, is absent from meetings of the Board for six consecutive months, and his alternate Director, if any, shall not during such period have attended in his stead and the Board resolves that his office be vacated. Despite efforts made by the Company, the Company has not been able to make contact with Ms. Lo since June 8, 2017 and up to the date of this announcement. The Board granted leave without pay to Ms. Lo during her absence with effect from April 1, 2018. Since Ms. Lo has been absent from the Board for more than six consecutive months (i.e., from 8 June 2017 to 31 March 2018) without special leave of absence, the Board has resolved that the office of Ms. Lo as an executive Director be vacated pursuant to the bye-law 89(3) of the bye-laws of the Company with effect from 20 November 2018 and Mr. Wong be appointed as an executive Director to fill the vacancy with effect from November 20, 2018. Mr. Wong, aged 35, is an alternate Director to Mr. Wang Xiangfei (Mr. Wang), an executive Director, with effect from July 18, 2017. He was a personal assistant to Mr. Wang during the period from 1 August 2018 to 19 November 2018. Mr. Wong is also an alternate director to Mr. Wang in several subsidiaries of the Company. Mr. Wong has entered into a service contract with the Company for a term of one year commencing from November 20, 2018.