The board of directors of New Western Group Limited announced that, Dr. Sung Tak Wing, Leo has tendered his resignation as an executive Director, the chief executive officer and a joint company secretary of the company with effect from 22 May 2019. Dr. Sung has agreed to continue to serve the Company as a consultant. Dr. Sung has confirmed that he has no disagreement with the Board in any respect and there is no matter relating to his resignation that needs to be brought to the attention of shareholders of the company or The Stock Exchange of Hong Kong Limited.

Ms. Leung Cheuk Yu, the other joint company secretary of the Company with the requisite qualifications pursuant to Rule 5.14 of the Rules Governing the Listing of Securities on GEM of the Stock Exchange, will be the sole company secretary of the company. The Board further announced that Mr. Zhang Qing (Mr. Zhang), the chairman of the Board has been appointed as the chief executive officer of the company with effect from 22 May 2019. Mr. Zhang Qing, aged 49, is an executive Director and the chairman of the Board of the company from 1 July 2014 and has been the compliance officer of the Company since 30 April 2015.