The board of directors of Chinese Food and Beverage Group Limited announce that Ms. Wong has been appointed as an executive Director with effect from 30 January 2019. Ms. Wong, aged 35, has worked for an international accounting firm and financial institutions in Hong Kong. Ms. Wong has over 10 years of professional experience in accounting and finance. The Board announces that Mr. Lam has tendered his resignation as an executive Director with effect from 30 January 2019 due to his other personal commitments which require more of his dedication. The Board further announces that Mr. Yuen has tendered his resignation as an executive Director with effect from 30 January 2019 due to his other personal commitments which required more of his dedication.