Madison Holdings Group Limited announced the following changes with effect from 3 October 2019: Mr. Ting Pang Wan Raymond has resigned as an executive Director, the chairman of the Company, the Authorised Representative, the chairman of the Nomination and Corporate Governance Committee and a member of the Remuneration Committee. Mr. Zhou Francis Bingrong has resigned as an executive Director and chief executive officer of the Company. Mr. Ji has been appointed as a non-executive Director, the chairman of the Company, the chairman of the Nomination and Corporate Governance Committee and a member of the Remuneration Committee and Mr. Zhang Li has been appointed as a non-executive Director. Upon obtaining the working visa permission from the immigration department of the Government of the Hong Kong Special Administrative Region, Mr. Zhang will be re-designated from a non-executive Director to an executive Director and be appointed as the chief executive officer of the Company.