The board of directors of China Demeter Financial Investments Limited announced that with effect from 14 June 2019: Mr. Zhou Jing has resigned as a non-executive Director and chairman of the Board due to his decision to retire; and Mr. Ng Man Chun Paul, an executive Director and chief executive officer of the Company, has been appointed as the Chairman. With the appointment of Mr. Ng as the chief executive officer of the Company, Mr. Ng will serve as the Chairman and the chief executive officer of the Company. Code provision A.2.1 of the Corporate Governance Code as set out in Appendix 15 to the GEM Listing Rules requires the responsibilities between the chairman and chief executive officer should be separated and should not be performed by the same individual.