China Fortune Holdings Limited announces that Mr. Leung Wai Hung has been appointed as an independent non-executive director, the chairman of the audit committee and remuneration committee and a member of the nomination committee with effect from 9 July 2021. Mr. Leung has more than 20 years working experience in various listed companies in Hong Kong mainly engaged in property business including Cheung Kong (Holdings) Limited (now known as CK Hutchison Holdings Limited) (stock code: 001). Mr. Leung also has extensive financial experience in initial public offering ("IPO"), merger and acquisition as well as fund raising and is familiar with the business environment of both Hong Kong and the Mainland China. In addition, Mr. Leung has extensive experience in real estate investment.