The board of directors Century Ginwa Retail Holdings Limited announced that Dr. Cao Guoqi ('Dr. Cao') has tendered his resignation as an independent non-executive director of the company and a member of the nomination committee of the Board with effect from 30 September 2019 to pursue his own career development. Dr. Cao has confirmed to the Company that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the company in respect of the Resignation. The Board announced that, following to the resignation, Dr. Han Qinchun ('Dr. Han) has been appointed as an independent non-executive director of the Company and a member of the nomination committee of the Board with effect from 30 September 2019. Dr. Han, aged 61, currently serves as managing director of Global Chinese Real Estate Congress and was a director and a special-term professor of Real Estate Research Centre of Peking University HSBC Business School.