The board of directors of Colour Life Services Group Co., Limited announces that Mr. Pan Jun ("Mr. Pan") has been redesignated from a non-executive director to an executive director and will also continue to serve as the chairman of the Board with effect from 19 September 2019. Mr. Pan, aged 48, was appointed as a non-executive director of the Company on 11 June 2014 and also the chairman of the Board. He joined the Fantasia Group in 1999 and is responsible for the overall operation of the Fantasia Group. The Board announces that Mr. Chen Xinyu ("Mr. Chen") has been redesignated from a non- executive director to an executive director of the Company with effect from 19 September 2019. Mr. Chen, aged 51, is an executive director of Fantasia and is currently also the chief financial officer of Fantasia responsible for its capital operation and planning management, listed company's investor relations and information disclosure management-related business. The Board announces that Mr. Tang Xuebin ("Mr. Tang") resigned as the Executive President and has been appointed as the Chief Executive Officer and will also continue to serve as an executive director of the Company with effect from 19 September 2019. Mr. Tang has confirmed that he has no disagreement with the Board with respect to his resignation as Executive President of the Company and there are no matters relating to his resignation as Executive President that needs to be brought to the attention of the shareholders of the Company. Mr. Tang, aged 51, was appointed as a director on 30 October 2012 and was redesignated as an executive director on 11 June 2014 and is also the Executive President of the Group. He joined the Group in 2002 and is responsible for the operation and management of the Group. The Board announces that Mr. Huang Wei has been appointed as the Executive President and will also continue to serve as an executive director of the Company with effect from 19 September 2019. Mr. Huang, aged 49, was appointed as the senior vice president of the Group on 1 January 2018 and appointed as an executive director of the Company on 20 July 2018.