The board of directors of United Energy Group Limited announced that Mr. Zhu Junfeng ("Mr. Zhu") has resigned as the chief executive officer (the "CEO") of the Company effective 9 November 2020 due to his personal time constraint. Mr. Zhu has confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation as the CEO of the Company that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.