The board of directors of Cabbeen Fashion Limited announced the following changes in senior management of the Company with effect from 12 March 2020: Mr. Siu Keung Ng resigned from his position as the Chief Executive Officer of the Company in order to devote more time and energy on his family matters but will remain as an executive Director, the chairman of corporate governance committee and a member of remuneration committee of the Board; and Mr. Ziming Yang ("Mr. Yang"), the chairman of the Board and the executive Director, has been appointed as the Chief Executive Officer. Mr. Ziming Yang, aged 48, is the founder of the Group. He is also the Chairman of the Company. He was appointed as an executive Director on 3 November 2011. Mr. Yang is primarily responsible for overall corporate strategies, planning and business development, and leads the Group's design and research and development team. Upon the appointment of Mr. Yang as the Chief Executive Officer of the Company becoming effect on 12 March 2020, Mr. Yang will perform both of the roles of the Chairman and the Chief Executive Officer of the Company.