Chinese Food and Beverage : RESIGNATION OF EXECUTIVE DIRECTOR, NON-EXECUTIVE DIRECTOR, MEMBERS OF THE REMUNERATION COMMITTEE AND THE NOMINATION COMMITTEE AND ALTERNATE DIRECTOR

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8272) RESIGNATION OF EXECUTIVE DIRECTOR, NON-EXECUTIVE DIRECTOR, MEMBERS OF THE REMUNERATION COMMITTEE AND THE NOMINATION COMMITTEE AND ALTERNATE DIRECTOR

The Board (the "Board") of directors (the "Director(s)") of CHINESE FOOD AND BEVERAGE GROUP LIMITED (the "Company") announces that Mr. Mok Tsan San ("Mr. Mok") has tendered his resignation as an executive Director with effect from 1 January 2017 due to his other personal commitments which require more of his dedication.

Mr. So David Tat Man ("Mr. So") has tendered his resignation as a non-executive Director and also ceased as members of the remuneration committee and the nomination committee of the Company with effect from 1 January 2017 due to his other personal commitments which require more of his dedication.

Mr. Leung Ho Lun Harold ("Mr. Leung") has also tendered his resignation as an alternate Director to Mr. Chu Yu Man, Philip, an independent non-executive director and members of the audit committee, remuneration committee and nomination committee of the Company, with effect from 1 January 2017 due to his other personal commitments which require more of his dedication.

All of Mr. Mok, Mr. So and Mr. Leung also confirmed to the Board that they do not have any disagreement with the Board and there is no matter in respect of their resignations that needs to be brought to the attention of the shareholders of the Company.

The Board would like to thank Mr. Mok, Mr. So and Mr. Leung for their valuable contribution towards the Company during their tenure of office.

By order of the Board

CHINESE FOOD AND BEVERAGE GROUP LIMITED Yu Sau Lai

Executive Director

Hong Kong, 30 December 2016

As at the date of this announcement, Ms. Yu Sau Lai, Mr. Lam Raymond Shiu Cheung, Mr. Hu Dongguang and Mr. Mok Tsan San are executive Directors; Mr. So David Tat Man is a non-executive Director; and Mr. Matthew Pau, Mr. Yeung Wai Hung, Peter, Mr. Chu Yu Man, Philip (Mr. Leung Ho Lun Harold as his alternate) and Mr. Chow Cheuk Hang are independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market ("GEM") of the Stock Exchange for the purpose of giving information with regard to the Company. The directors of the Company, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and that there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least seven days from the date of its publication and the Company's website at www.cfbgroup.com.hk.