The board of directors of Prosperous Future Holdings Limited announced that Mr. Chau Ling ("Mr. CHAU") has tendered his resignation as an executive Director and the
chief executive officer ("Chief Executive Officer") of the Company with effect from 31 December 2019 due to his other work commitments. The Board announced that Mr. Lau Ka Ho ("Mr. LAU") will be re-designated from the position of chief financial officer (the "Chief Financial Officer") of the Company to Chief Executive Officer and will resign as the company secretary (the "Company Secretary") of the Company and an authorised representative of the Company with effect from 31 December 2019. Mr. LAU, aged 41, has been an executive Director, the Chief Financial Officer and the Company Secretary since 24 May 2019. He is currently the director of certain subsidiaries of the Group. The Board announced that Mr. Chan Hoi Tik ("Mr. CHAN") has been appointed as an executive Director, the Chief Financial Officer, the Company Secretary, an Authorised Representative and the Process Agent with effect from 31 December 2019. Mr. CHAN, aged 37, has been the financial controller of the company since 11 November 2019. He is currently the director of certain subsidiaries and associates of the Group. The Board announced that with effect from 31 December 2019: Mr. CHAU will cease be a member of the Remuneration Committee and Executive Committee; Mr. LAU will be appointed as a member of the Remuneration Committee; and Mr. CHAN will be appointed as a member of the Executive Committee.