The board of directors of Greenheart Group Limited announced that with effect from 2 November 2018, Mr. Wu Wai Leung, Danny ("Mr. Wu") has resigned as an executive Director and the chief executive officer of the Company ("CEO") due to his intention to devote more time to his investments. Following Mr. Wu's resignation, he has also ceased to be the authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). The Board announced that Mr. Ding Wai Chuen has been appointed as an executive Director and the CEO of the Company with effect from 5 November 2018.

Before taking up the current position, Mr. Ding served for six years as the chief executive of the HKICPA. Mr. Ding has previously served as the independent non-executive director, non-executive director and executive director of Lam Soon (Hong Kong) Limited from September 2004 to November 2012. He also served as the independent non-executive director and the executive director of Guoco Group Limited from October 2006 to June 2012.

Mr. Ding's appointment as an executive Director will be subject to the retirement by rotation and re-election in accordance with the bye-laws of the Company. The Board announces that Mr. Ding has been appointed as the authorised representative of the Company under Rule 3.05 of the Listing Rules to fill the vacancy arising from the resignation of Mr. Wu with effect from 5 November 2018.