China New Economy Fund Limited announced that Mr. LAM Chun Ho has resigned as a non-executive director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Company; Mr. PUN Tit Shan has resigned as an independent non-executive director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Company; and Mr. SUN Boquan has been appointed as an independent non-executive director and a member of each of the audit committee, the nomination committee and the remuneration committee of the Company with effect from 5 June 2019.