The board of directors of Teamway International Group Holdings Limited (the "company'') announced that, with effect from 6 March 2018, Mr. Ling Zheng ("Mr. Ling'') has resigned as the chairman of the Board and an executive Director due to other business commitment. Mr. Ling confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that should be brought to the attention of the shareholders of the company and The Stock Exchange of Hong Kong Limited. The Board announced that, with effect from 6 March 2018, Mr. Xu Gefei ("Mr. Xu'') has been appointed as an executive Director and the chairman of the Board. Mr. Xu, aged 42, has been the legal representative and executive director of Shanghai Tian Yuan Decoration and Design Works Company Limited since 2008.