The board of directors of China Futex Holdings Limited announced that, with effect from 31 December 2020: Ms. Yuan Yuan resigned as the chairlady of the Board and retained as an executive Director due to her personal business commitment; and Mr. Chen Yihui resigned as an executive Director due to his personal business commitment. Ms. Yuan and Mr. Chen have confirmed that he/she has no disagreement with the Board and there are no matters relating to his/her resignation that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board further announces that, with effect from 31 December 2020: Mr. Cheng Jun has been appointed as the chairman of the Board and an executive Director; Mr. Guan Min has been appointed as an executive Director; and Mr. Zheng Liangjian has been appointed as an executive Director and an authorised representative of the Company under Rule 5.24 of the Rules Governing the Listing of Securities on GEM (the "GEM Listing Rules") of the Stock Exchange. Mr. Cheng has been the chairman and chief executive officer of Beijing Sousou Kuaipao Technology Co. Ltd. since 2015. Mr. Guan has been the chairman of Beijing Tianhe Jiaye Environmental Engineering Co. Ltd. and Huolinguole Tianhe Water Engineering Co. Ltd. since 2011. Mr. Zheng has been an independent non-executive director of China Greenfresh Group Co. Ltd., a company listed on the Main Board of the Stock Exchange since June 2020.