The board of directors of Prosperity International Holdings (H.K.) Limited announced that with effect from 11 June 2021, Mr. Xie Qiangming ("Mr. Xie") has resigned as an executive director of the company. Following Mr. Xie's resignation as an executive Director, he ceased to be the chairman of the Board (the "Chairman"), the chief executive officer of the Company (the "CEO"), the chairman of the nomination committee of the Company (the ``Nomination Committee'') and a member of the remuneration committee of the Company (the ``Remuneration Committee''). Mr. Xie has confirmed that he has no disagreement with the Board or the Company, and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The board announced that Mr. Zhang Yiwen (‘Mr. Zhang’) has been appointed as an Executive Director, a Part 16 Authorised Representative, an Exchange Authorised Representative, the Chairman, the CEO, the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 11 June 2021. Mr. Zhang Yiwen has years of experience in strategic development, fundraising and senior management works, and he also has extensive experience in big data business. Mr. Zhang has focused on, in particular, corporate development, market analysis and financing solutions. There is a service agreement entered into between the Company and Mr. Zhang for his appointment as an Executive Director for a term of three years starting from 8 June 2021. Mr. Zhang is subject to retirement and re-election at the next following general meeting of the Company after his appointment and thereafter subject to retirement by rotation in accordance with the provisions of the Company's articles of association.