The board of directors of New City Development Group Limited announced that with effect from 11 February 2019 Mr. Zheng Qing resigned as an independent non-executive Director as he is no longer able to devote sufficient time to perform his duties as an independent non-executive Director. The Board also announced that Mr. Zheng ceased to be a member of each of the audit committee and the nomination committee of the Company following his resignation as an independent non-executive Director with effect from 11 February 2019. To fill the vacancy left by Mr. Zheng, the Board announced that with effect from 11 February 2019, Mr. Zhang Jing, an independent non-executive Director of the Company, has been appointed as a member of the audit committee of the Company.