The board of directors of China Demeter Financial Investments Limited announced that due to reallocation of responsibilities amongst the Group's management, with effect from 1 December 2020: Mr. Ng Man Chun Paul has ceased to be the chief executive officer of the Company but will remain to be an executive Director and chairman of the Board and Mr. Ng Ting Ho, executive Director, has been appointed as the chief executive officer of the Company. Mr. Ng Ting Ho, aged 35, was appointed as an executive Director on 5 February 2016, re-designated as a non-executive Director on 16 June 2017, and was re-designated as an executive Director with effect from 3 July 2018. Mr. Ng Ting Ho is also a director of certain members of the Group.