The board of directors of China Trends Holdings Limited announced that Mr. Chan Cheong Yee ("Mr. Chan"), currently one of the Company's executive director and a member of the Executive Committee, will be redesignated as a non-executive director with effect from 1 December 2020. Mr. Chan will resign the position of the member of the Executive Committee with effect from 1 December 2020. Mr. Chan is an executive director of China Investment and Finance Group Limited, executive director of China Investment Development Limited, executive director of Capital VC Limited, executive director of China New Economy Fund Limited, executive director of China Innovation Investment Limited, and the executive director of National investments Fund Limited, which are listed on the main board of the Stock Exchange.