The board of directors of China Golden Classic Group Limited announced that Mr. Lau Shun Pong Johnson has tendered his resignation as the chief financial officer, company secretary and an authorised representative of the company to pursue personal career development with effect from 14 August 2018. The Board further announces that Ms. Zhu Liyan has been appointed as the CFO with effect from 14 August 2018. Biographical details of Ms. Zhu are set out as follows: Ms. Zhu Liyan has been the head of finance department of principal operation subsidiary Jiangsu Snow Leopard Daily Chemical Co.

Ltd., responsible for its overall financial management, before she was promoted to the position of CFO. Over the years, she has accumulated 16 years of experience in the field of accounting and finance. Ms. Zhu started her career with Jiangsu Snow Leopard as an accountant in December 2002.

After 8 years of service with Group, she worked for Jiangyin Daqiao Accounting Firm from December 2010 to May 2011 as an auditor. From May 2011 to January 2016, she was the group finance manager of Jetion Solar Technology Co., Limited. Following Mr. Lau's resignation, the Board also announced that Ms. Li Qiuyan, an executive director and the chairman of the board, has been appointed as an Authorised Representative to replace Mr. Lau with effect from 14 August 2018 under Rule 5.24 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange.