The board of directors of China Futex Holdings Limited announced that in order to devote more time for his career development, Mr. Chan Kwong Leung, Eric ("Mr. Chan") has tendered his resignation as the company secretary of the Company (the "Company Secretary"); ceased to act as an authorized representative of the Company under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited; and ceased to act as an authorized representative for accepting service of process and notices on behalf of the Company in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively, the "Authorized Representatives") with effect from 31 December 2018. Mr. Chan confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the company. The Board also announces that Ms. Huen Lai Chun ("Ms. Huen") has been appointed as the Company Secretary and the Authorized Representatives with effect from 31 December 2018. Ms. Huen is an associate member of both The Hong Kong Institute of Chartered Secretaries and The Institute of Chartered Secretaries and Administrators in United Kingdom, and also a fellow member of The Association of Chartered Certified Accountants. She is a managing director of a local professional firm providing regulatory compliance, corporate governance and corporate secretarial services to listed and unlisted corporations. She has over ten years of experience in handling secretarial and compliance related matters of listed corporations.

The Board also announces that the principal place of business of the Company in Hong Kong will be changed to Room 1204, 12/F, C C Wu Building, 302-308 Hennessy Road, Wan Chai, Hong Kong with effect from 31 December 2018.