The Board of Zhuhai Holdings Investment Group Limited announced that the following changes to the composition of the Board, both with effect from 29 June 2020 upon the conclusion of the AGM: Mr. Huang has retired as an executive Director, chairman of the Board, chairman of the Nomination Committee, Authorized Representative and Agent for the Service of Process in Hong Kong following the conclusion of the AGM; and Mr. Zeng has been appointed as the Chairman of the Board, chairman of the Nomination Committee, Authorized Representative and Agent for the Service of Process in Hong Kong. Mr. Huang has decided to retire and did not offer himself for re-election as an executive Director at the AGM to focus on other commitments. Upon the conclusion of the AGM, he retired as an executive Director and ceased to be the chairman of the Board, chairman of the nomination committee ("Nomination Committee") of the Company, an authorized representative of the Company under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Authorized Representative") and an authorised representative of the Company for accepting service of process or notice on the Company's behalf in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) ("Agent for the Service of Process in Hong Kong") at the conclusion of the AGM. Mr. Huang and the Board confirmed that Mr. Huang has no disagreement with the Board and neither of them is aware of any matter in relation to Mr. Huang's retirement which needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited.