The board of directors of China Fortune Investments (Holding) Limited announced that with immediate effect Mr. Lee Chi Hua, Joshua ("Mr. Lee") has resigned as independent non-executive Director, chairman of each of audit committee of the Board and remuneration committee of the Board and a member of the nomination committee of the Board due to his other personal engagement and business commitments; and Mr. Chan Yuk Tong ("Mr. Chan") has resigned as independent non-executive Director and a member of each of the audit committee of the Board, remuneration committee of the Board and nomination committee of the Board in order to focus on other business development.