The Board of directors of China Ruifeng Renewable Energy Holdings Limited announced that with effect from 10 December 2018, Mr. Yeung Tze Long ("Mr. Yeung") resigned as the company secretary, an authorised representative and the chief financial officer of the company in his own accord for his further personal development. Mr. Lo, Gordon ("Mr. Lo") has been appointed to fill up the vacant positions of the company secretary, authorised representative and chief financial officer of the company with effect from the same date. Mr. Yeung confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited in relation to his resignation.

Mr. Lo is a member of the Hong Kong Institute of Certified Public Accountants. He graduated from the Hong Kong University of Science and Technology with a Master of Science degree in investment management. Mr. Lo has over 17 years of experience in audit, financial and tax advisory services.

Before joining the Company, he had worked in various listed companies for over 9 years.