The board of directors of Zhong Fa Zhan Holdings Limited announced that with effect from 1 December 2017, Mr. Hu Yishi (Mr. Hu) resigned as an executive Director and Ms. Kwong Wai Man, Karina (Ms. Kwong) resigned as an executive Director and authorized representative of the Company, due to their decision to devote more time to personal commitment. Ms. Kwong also resigned from all of her directorship and positions in the subsidiaries of the Company simultaneously on 1 December 2017. The Board further announced the following change with effect from 1 December 2017. Mr. Chow Chi Shing, the company secretary of the company, has been appointed as an authorized representative of the company.