The board of directors of Century Group International Holdings Limited announced that Mr. Cao Qian has been re-designated from a non-executive Director to an executive Director with effect from the conclusion of annual general meeting of the Company ("AGM") on 10 September 2019. Mr. Cao Qian was appointed as a non-executive Director on 10 December 2018. Mr. Cao has entered into a service contract with the Company for a term of three years from 10 September 2019 to 9 September 2022 (both dates inclusive).