The board of directors of CMGE Technology Group Limited announced that Mr. Ma Yuntao has resigned as a non-executive director of the Company and a member of the audit committee of the Board with effect from 13 July 2020 as he wishes to commit more time in his fund management business. Mr. Ma has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board has appointed Mr. Ho Orlando Yaukai, an independent non-executive director of the Company, as a member of the Audit Committee with effect from 13 July 2020.