The board of directors of Central Holding Group Co. Ltd. announced that Mr. Zhu Fei has tendered his resignation as executive Director and chief executive officer of the Company and will also cease to be one of the authorized representatives of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 30 April 2020 due to other business engagements. The Board further announced that following the resignation of Mr. Zhu and with effect from 30 April 2020: Mr. Yu Zhuyun, executive Director and chairman of the Board will be appointed as the CEO and one of the Authorised Representatives and Mr. Li Menglin will be appointed as executive Director.