The board of directors of Gold-Finance Holdings Limited announced that Mr. Cheung Ying Kwan (Mr. Cheung), Mr. Niu Zhongjie (Mr. Niu) and Mr. Chen Zhao (Mr. Chen) have tendered their resignation as an independent non-executive Directors of the company with effect from 15 May 2019 on the following grounds: The company has been unable to reach Mr. Wei Jie and Ms. Xu Li Yun, the two executive Directors of the Company, since 28 April 2019 as per the announcement of the Company dated 29 April 2019. As at the date of this announcement, all executive directors of the Company are either in absence or has resigned, the Board considers the Company unable to maintain proper functioning of its Board and to ensure compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited as per the announcement of the company dated 8 May 2019. Upon their resignation, Mr. Cheung will cease to act as the chairman of the audit committee of the Board and as a member of the remuneration committee of the Board; Mr. Niu will cease to act as the chairman of the Remuneration Committee and as a member of each of the Audit Committee and nomination committee of the Board; and Mr. Chen will cease to act as a member of each of the Audit Committee and Nomination Committee.