The board of directors of Century Group International Holdings Limited (the "Company", together with its subsidiaries, the "Group") hereby announced that with effect from 23 December 2019: 1. Mr. Cao Qian ("Mr. Cao") has resigned from his position as the executive Director; 2. Mr. Ip Wai Sing ("Mr. Ip") has been appointed as an executive Director; Mr. Lee Chi Ming ("Mr. Lee") has resigned from his position as the independent non-executive Director, and has ceased to act as the member of audit committee of the Company ("Audit Committee"), member of remuneration committee of the Company ("Remuneration Committee"), and chairman of nomination committee of the Company ("Nomination Committee"); Mr. Chung Man Lai ("Mr. Chung") has been appointed as an independent non-executive Director, and he has been appointed as the member of Audit Committee, member of Remuneration Committee, and chairman of Nomination Committee. Prior to joining the Group, Mr. Ip worked in reputable international accounting firm for over 10 years. He is currently the chief executive officer of D' Legem Group. Mr. Chung is currently the chief financial officer and company secretary of a company with principal activities of provision of automated welding solutions. The Board hereby announced that Mr. Li Xiangzhong has ceased to act as the Authorised Representative under the Listing Rules of the Company with effect from 23 December 2019. The Board further announces that Mr. Ip, currently an executive Director, has been appointed as the Authorised Representative under the Listing Rules of the Company with effect from 23 December 2019.