China Partytime Culture Holdings Limited announced that Mr. Lin Xin Fu has resigned as the Chairman of the Board, the Chief Executive Officer and an Executive Director and ceased to be the Authorised Representatives and a member of the Remuneration Committee of the Company with effect from 9 October 2020 but will remain as the vice general manager of a subsidiary of the Company and will be responsible for the sales activities and foreign trade of the Group; Ms. Chen Sheng, a Non-executive Director, has been re-designated as an Executive Director and the Chairlady of the Board and has been appointed as the Authorised Representatives of the Company with effect from 9 October 2020; and Mr. Xu Chengwu, an Executive Director, has been appointed as the Chief Executive Officer and has been appointed as a member of Remuneration Committee of the Company with effect from 9 October 2020.