The Board of Directors of Courage Investment Group Limited announced that with effect from 12 January 2021: Mr. Sue Ka Lok resigned as a Non-executive Director of the Company and the Chairman of the Board and ceased to act as a member of the Nomination Committee as he needs to devote more time to his other business engagements. However, Mr. Sue will remain as a director of certain subsidiaries of the Company to ensure smooth transition of his duties. Dr. Feng Xiaogang has been appointed as an Executive Director of the Company, the Chairman of the Board and a member of the Nomination Committee of the Company.