Great Wall Belt & Road Holdings Limited announced that Mr. Fung Wai Shing ("Mr. Fung") has resigned as an independent non-executive Director, the chairman of the audit committee (the "Audit Committee"), a member of the remuneration committee (the "Remuneration Committee") and a member of the nomination committee (the "Nomination Committee") of the Company in order to devote more time to his other business. Upon the resignation of Mr. Fung taking effect, Mr. Fung no longer holds any position in the Group, with effect from 20 December 2019. The Board also announces that, with effect from 20 December 2019, Mr. Cheung Ka Heng Frankie, an executive Director, has resigned as a member of the Remuneration Committee and Ms. Li Bing, an executive Director, has resigned as a member of the Nomination Committee.