The board of directors of Royal Century Resources Holdings Limited announces that Mr. Liu Rongsheng has resigned as an executive Director and the chief executive officer (the "CEO") of the Company with effect from 21 February 2020 in order to devote more time to his other business engagements. Mr. Liu has confirmed that he has no disagreement with the Board and there is no matters in respect of his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the shareholders (the "Shareholder(s)") of the Company. The Board would like to take this opportunity to express its sincere gratitude to Mr. Liu for his contribution towards the Company during his tenure in office.