The board of directors of China National Culture Group Limited (the "Company") announced that with effect from 27 October 2020. Mr. Shi Junfeng ("Mr. Shi") has been appointed as the Chief Executive Officer of the Company and its subsidiaries (collectively, the "Group"). Mr. Shi, aged 42, has years of experience in corporate management, and has extensive experience and network in the film TV industry in the People's Republic of China. He also held several senior management positions in few companies in Hong Kong. Mr. Shi will be responsible for formulating the Group ' s corporate strategies and general administration affairs.