The board of directors of Ye Xing Group Holdings Limited announced that Mr. Lee Ka Wai ("Mr. Lee") has tendered his resignation as the chief financial officer of the Company; the company secretary of the company; an authorised representative of the Company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"); and an authorized representative of the Company under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively, the "Authorised Representatives") with effect from 18 August 2020 due to personal reason. Besides, the Board announces that Ms. Zhang Chunying ("Ms. Zhang") has been appointed as the Chief Financial Officer with effective from 18 August 2020. Ms. Zhang joined the Group since 31 July 2018 and is responsible for financial management work of the Group. Prior to joining the Group, Ms. Zhang worked in Beijing Vanke Real Estate Service Co. Ltd. from October 2007 to July 2018, a company which is mainly engaged in property management, property agency, provision for assistance, consultancy and real estate brokerage services before handover of properties and sales. Her last position was the head of financial management department of Tianjin Vanke, responsible for comprehensive financial tasks, including budgeting, auditing, capital and taxation and others.