The board of directors Silver Grant International Holdings Group Limited announced that with effect from 2 September 2019, Mr. Gao Jian Min ('Mr. Gao') has been re-designated from an executive Director to a non-executive Director and has resigned as the managing director and the chief executive officer of the Company. Mr. Gao tendered the Resignation due to his other personal commitments which require more of his time. Mr. Gao has confirmed that he had no disagreement with the Board and there was no matter relating to the Resignation that needs to be brought to the attention of the shareholders of the Company.

Following the Resignation, Mr. Huang Jiajue ("Mr. Huang"), an executive Director, has been appointed as the Chief Executive Officer with effect from 2 September 2019. Mr. Huang was appointed as an executive Director on 29 January 2019. Mr. Huang is also a member of the remuneration committee of the Company and one of the authorised representatives of the Company under Rule 3.05 of the Listing Rules.

As at the date of this announcement, save that Mr. Huang was a deputy chairman, an executive director and a shareholder of Zhuguang Holdings Group Company Limited.