National Arts Entertainment and Culture Group Limited announces that with effect from 13 June 2018, Ms. Law Po Yee has resigned as the chief executive officer, the compliance officer, an authorised representative and an authorized representative to accept on the Company's behalf service of process and notices in Hong Kong under Part 16 of the Companies Ordinance of the Company. Ms. Law remains as an executive Director and the Vice Chairperson of the Company. Following Ms. Law's resignation, Mr. Chow Kai Weng, an executive Director and the chairman of the Company, has been appointed as the Chief Executive Officer and the Compliance Officer in place of Ms. Law with effect from 13 June 2018.

Mr. Cheng Wang Chun, an executive Director and the financial controller of the Group, has been appointed as an Authorised Representative and a Process Agent in place of Ms. Law with effect from 13 June 2018.