The board of directors of China Fordoo Holdings Limited announced that Ms. Mo Wei tendered her resignation as an executive Director, with effect from 1 January 2021, due to her health issue. The Board and Ms. Mo confirm that there is no disagreement with each other and there is no matter relating to the resignation of Ms. Mo which shall be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board further announced that Mr. Peng Zuncheng (Mr. Peng'') has been appointed as an executive Director of the Company, with effect from 1 January 2021. Mr. Peng worked in different subsidiaries within the Donghai International Financial Holding Company Limited group, whose subsidiaries are licensed to carry out Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 regulated activities under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the ``SFO''), during which he worked as an associate in the asset management department between December 2017 and October 2018, and as an associate in the global capital market department from October 2018 to February 2020.