The board of directors of China Uptown Group Company Limited announced that Mr. Lau Sai Chung ("Mr. Lau") has tendered his resignation as chief executive officer ("CEO") and authorized representative of the Company and all other positions of the Group with effect from 10 February 2022, due to his intention to focus on other business commitments. Following to the resignation of Mr. Lau, the Board further announced that Mr. Pan Shimin ("Mr. Pan", who is an executive Director and the chairman of the Company) has been appointed as the CEO and authorized representative of the Company with effect from 10 February 2022. Mr. Pan has over twenty years of corporate and project management experience.