China Creative Global Holdings Limited announced the removal from Mr. Chen, the Board members have elected Mr. WU, Ming Fat, Simon as the Company's chairman and Ms. CHING, Wan Wah, Kitty, as the Company's Chief Executive Officer and Authorised Representative of the company. All these appointments are with effect from 16 June 2021. The aforesaid removal arrangements were made having considered various findings and recommendations from the Investigation Committee; The Committee contacted two of the Company's former executive directors, namely Mr. Chen Jiang and Mr. Xu Qiang, both confirmed that the Transactions had not been informed to and authorised by the prevailing board members. The Board hanks them for their information and assistance provided, Based on the public available records, even after the said illegal and unauthorized transfer, Mr. Chen remains as the directors of those subsidiaries concerned, Mr. Chen has not voluntarily and cooperatively disclosed any documents and information above the Transactions. On the contrary, Mr. Chen and their appointed lawyers have sent several emails to the Company's directors and Company Secretary, attempting to exercise improper influence and to impose unjust claims and assertions to these executives, Based on the public available information, the Committee also noticed that Mr. Chen has been claimed by a creditor in the PRC for around RMB 250million and was considered as inability to pay in another lawsuit for RMB14million. Based on the company's articles of the association, paragraph 86(4), the directors shall be vacated if the directors.