The board (the "Board") of directors of eForce Holdings Limited announced that Mr. Qiu, an executive Director, has been appointed as co-chairman of the Board along with Mr. Leung Chung Shan ("Mr. Leung") who has been re-designated from the position of the chairman of the Board to co-chairman of the Board with effect from 16 July 2020. From April 2013 to July 2015, Qiu served as the Estate and concurrently the chairman of CITIC managing vice president of CITIC Real Estate and concurrently the chairman of CITIC Real Estate Hainan, CITIC Real Estate Shenzhen Investment Co. Ltd. and CITIC Real Estate Huizhou Investment Co. Ltd. Mr. Qiu is the founder, general manager and legal representative of Shenzhen Qianhai CITIC Securities City Development Management Co. Ltd. since May 2014. The Board announces that with effect from 16 July 2020, Mr. Leung has resigned as the chairman of the nomination committee of the Company (the "Nomination Committee"); Mr. Tam Lup Wai, Franky has resigned as a member of each of the Remuneration Committee and the Nomination Committee; Mr. Liu has resigned as a member of each of the Remuneration Committee and the Nomination Committee; Mr. Lim Kim Chai has been appointed as a member of each of the Remuneration Committee and the Nomination Committee; and Mr. Qiu has been re-designated from the position of a member to the chairman of the Nomination Committee.