The board of directors of China Fortune Investments (Holding) Limited announced that with effect from 1 April 2021, (i) Mr. Chan Wing Tsan ("Mr. Cheng") has resigned as executive Director and Chairman of the Board, an authorized representative of the Company (the "Listing Rules Authorized Representative ") under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange of Hong Kong Limited; and an authorized representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (the "Companies Ordinance Authorized Representative ") as he would devote more time on his family matters; and (ii) Mr. Chan Kim Fai ("Mr. Chan") has resigned as independent non-executive Director and a member of each of the audit committee (the " Audit Committee"), remuneration committee (the " Remuneration Committee ") and nomination committee (the " Nomination Committee ") of the Board due to other personal engagement and business commitments. The Board further announces that with effect from 1 April 2021, Mr. Wong Chi Ho has been appointed as the Listing Rules Authorized Representative and Companies Ordinance Authorized Representative.