Celebrate International Holdings Limited announces that on 11 May 2020, Mr. Woo has tendered his resignation as Chairman and an executive director of the Company and its subsidiaries with effect from the date of this announcement. The resignation has been accepted by the Board. Mr. Woo, whose family now being principally based in Taiwan, has to commute regularly to Hong Kong so as to discharge his duties as the Chairman and an executive director of the Company. Due to the recent COVID-19 pandemic, such travelling to/from Hong Kong has become much troublesome for Mr. Woo, which makes it more difficult for him to properly perform the job. Also, Mr. Woo's family has planned to move their base later this year and Mr. Woo will most probably follow his family. Mr. Woo thinks it is of the best interest of the Company to have another person to take up his job to manage the business of the Company. Mr. Suen, currently is an executive director, the compliance officer, the company secretary, the authorised representative and the process agent of the Company, has been appointed as the Acting Chairman with effect from 11 May 2020 until the appointment of the new chairman. Mr. Suen has over 17 years of experience in corporate management and finance, accounting and company secretarial practice. He was an executive director of GT Group Holdings Limited from 31 August 2016 to 18 September 2017; an executive director of Imagi International Holdings Limited from 28 January 2016 to 16 August 2016 and its company secretary from 18 April 2016 to 16 August 2016; and a company secretary of CMBC Capital Holdings Limited from 2 July 2014 to 29 February 2016, and also its chief executive officer from 31 October 2014 to 3 March 2015 and later its acting chairman, executive director and managing director from 3 March 2015 to 29 February 2016.