The board of directors of Chong Sing Holding FinTech Group Limited announced that Mr. Li Mingshan ("Mr. Li") has tendered his resignation as the Chairman and a non-executive Director of the Company, and Ms. Zhou Youmeng ("Ms. Zhou") has tendered her resignation as a non-executive Director of the Company effective from 1 March 2019 due to their other business engagements and commitments. Further announcement will be made when the Company appoints the new Chairman. The Board announced that Ms. Li Shuang ("Ms. Li") has been appointed as non-executive director of the Company with effect from 1 March 2019. Ms. Li, is currently the deputy secretary and president of Shanghai Xinhua Distribution Group Co. Ltd.