The board of directors of Century Group International Holdings Limited announced that Mr. Li Xiang Zhong ("Mr. Li") has resigned from his position as an executive Director and the chief executive officer of the Company with effect from 17 January 2020 to pursue his own other business commitment. Mr. Li has confirmed that he has no claims against the Company in respect of his resignation and has no disagreements with the Board. There is no other matters in relation to his resignation that should be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.