The board of directors of China Fortune Holdings Limited announced that on the date hereof Mr. Wong Lit Chor Alexis has tendered his resignation as independent non-executive director of the company with effect from 3 October 2017. Mr. Wong resigned for the reason that he could devote more time to his other business engagements. Accordingly, Mr. Wong also resigned as a committee member of each of the audit committee, nomination committee and remuneration committee of the Company with effect from 3 October 2017. Mr. Wong has 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 announces that Mr. Lam Man Kit is appointed as an independent non-executive director of the company with effect from 3 October 2017. Mr. Lam is also appointed as a committee member of each of the audit committee, nomination committee and remuneration committee of the company with effect from the same date. Mr. Lam is a fellow member of the Association of Chartered Certified Accountants and a member of the Hong Kong Institute of Certified Public Accountants. Mr. Lam has worked in an international audit firm and various public and private companies in Hong Kong, with over 18 years of financial, accounting and auditing experiences. Mr. Lam has worked in the finance department of the Company from 2007 to 2013, with his last position as company secretary and financial controller of the company.