Richly Field China Development Limited announced that Mr. Ma Jun has resigned from the position of the executive director, the chairman of the board of directors, the chief executive officer, the chairman of nomination committee of the company (the "Nomination Committee"), the member of remuneration committee of the company (the "Remuneration Committee"), the authorised representative of the company for the purpose of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules") and all offices in the subsidiaries of the company with effect from 31 January 2019. The Board also announced that Mr. Li Yi Feng ("Mr. Li") has been re-designated from a non-executive director to an executive director, and has been appointed as the chairman of the Board, the chief executive officer, the chairman of the Nomination Committee, the member of the Remuneration Committee, the authorised representative of the company for the purpose of the Listing Rules and all offices in the subsidiaries of the company with effect from 31 January 2019.