Century Ginwa Retail Holdings Limited announce that Ms. Song Hong ("Ms. Song") has been appointed as an independent non-executive director of the Company and a member of the nomination committee (the "Nomination Committee") of the Board with effect from 30 October 2020. The Board announces the resignation of Mr. Tsang Kwok Wai ("Mr. Tsang"), an independent non-executive director of the Company, as the chairman of the Nomination Committee with effect from 30 October 2020 to allow him to devote more time on the audit committee of the Board. Mr. Tsang will remain as a member of the Nomination Committee. The Board also announces the appointment of Mr. Huang Shunxu ("Mr. Huang"), the chairman of the Board, as a member and the chairman of the Nomination Committee with effect from 30 October 2020.