The board of directors of Zheng Li Holdings Limited announces that Mr. DENG Bin ("Mr. Deng") has tendered his resignation as an independent non-executive Director of the Company with effect from 11 September 2019 due to his other personal engagement which requires more of his time and dedication. Mr. Deng has confirmed that he has no disagreement with the Board and there are no other matters related to his resignation which need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board announced that, upon the resignation of Mr. Deng, Mr. CHEN Huichun ("Mr. Chen") has been appointed as an independent non-executive Director of the Company with effect from 11 September 2019. Mr. Chen, is an entrepreneur with extensive experience in the real estate industry in mainland China. The Board announces that the composition of the Board committees has changed as below: After the resignation as an independent non-executive Director, Mr. Deng has also tendered his resignation as a member of each of the audit committee and the nomination committee of the Company with effect from 11 September 2019; and Mr. Chen has been appointed as a member of each of the audit committee and the nomination committee of the Company with effect from 11 September 2019.