The board of directors of China Golden Classic Group Limited hereby announced that Qian Zaiyang has tendered his resignation as an independent non-executive Director, a member of each of the audit committee, the remuneration committee and the nomination committee of the Company with effect from 12 November 2019 due to other business commitments. Qian confirmed that he has no disagreement with the Board and there are no matters in relation to his resignation that need to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. The Board also announced that Pan Qingwei has been appointed as an independent non-executive Director, a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee with effect from 12 November 2019.