The board of directors of China Fortune Investments (Holding) Limited announce that Mr. Chan Kim Fai ("Mr. Ivan Chan") and Mr. Chan Yuk Tong have been appointed as independent non-executive Directors and members of audit committee, nomination committee and remuneration committee of the Company with effect from 1 January 2021. Mr. Ivan Chan is currently an independent non-executive director of EGL Holdings Company Limited, Magnificent Hotel Investments Limited, Shun Ho Property Investments Limited (stock code: 219) and Shun Ho Holdings Limited (all these companies are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Mr. Ivan Chan has served as the sole proprietor of Ivan Chan & Co, CPA since 2001. Mr. Jimmy Chan is also an independent non-executive director of Xinhua Winshare Publishing and Media Co. Ltd., a company listed on the Stock Exchange and the Shanghai Stock Exchange. He is a director of Ascenda Cachet CPA Limited. He was an independent non-executive director of FDG Electric Vehicles Limited during the period from 22 November 2006 to 19 August 2020. Mr. Jimmy Chan was an independent non-executive director of several listed companies in the PRC and Hong Kong including Ausnutria Dairy Corporation Ltd., BYD Electronic (International) Company Limited, Daisho Microline Holdings Limited, Global Sweeteners Holdings Limited, Trauson Holdings Company Limited, Kam Hing International Holdings Limited and Ground International Development Limited.