The Board of the Company of China E-Information Technology Group Limited announced that, Mr. Yuan Wei has tendered his resignation as the chief executive officer, due to other arrangement for his personal career development, with effect from 19 October 2021. The Board announced that in order to fill the vacancies after Mr. Yuan's resignation, Mr. Loo Chung Keung Steve ("Mr. Loo"), an executive director of the Company, has been appointed as the chief executive officer, authorised representative, compliance officer, chairman of the Nomination Committee and chairman of the Remuneration Committee of the Company since 19 October 2021. Mr. Loo has not entered into a service contract with the Company for the appointment of Mr. Loo as the chief executive officer. There is no fixed term for the appointment of Mr. Loo as the chief executive officer, which can be terminated by Mr. Loo or the Company giving two-month prior written notice to the other party. Mr. Loo is not entitled to any emolument for his appointment as the chief executive officer.