Tou Rong Chang Fu : CHANGE OF AUTHORISED REPRESENTATIVE

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Tou Rong Chang Fu Group Limited

投 融長 富集團有 限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 850)

CHANGE OF AUTHORISED REPRESENTATIVE

The board (the "Board") of directors (the "Directors") of Tou Rong Chang Fu Group Limited (the "Company") announces that with effect from 19 December 2019:

1. Mr. Chen Yongsheng ("Mr. Chen") has resigned as an authorised representative ("Authorised Representative") of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") as he is no longer a Director or the company secretary of the Company; and
2. Mr. Huang Guobiao ("Mr. Huang") has been appointed as one of the Authorised Representatives.

Mr. Chen has confirmed that he has no disagreement with the Board and there is no matter that needs to be brought to the attention of the Stock Exchange or the shareholders of the Company in relation to his resignation.

Following the resignation of Mr. Chen, Mr. Huang has been appointed as one of the Authorised Representatives with effect from 19 December 2019.

The Board would like to take this opportunity to express its gratitude and appreciation to Mr. Chen for his valuable contribution to the Company in the past.

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CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended from 9:00 a.m. on 3 July 2018 and will remain suspended until further notice pending fulfilment of the resumption guidance as set out in the announcement of the Company dated 14 September 2018.

Further announcement(s) will be made by the Company to inform the Shareholders and potential investors of any material development relating to the captioned matters as and when appropriate.

By Order of the Board

Tou Rong Chang Fu Group Limited

Huang Guobiao

Chairman

Hong Kong, 3 January 2020

As at the date of this announcement, the Board comprises (i) two executive Directors, namely Mr. Huang Guobiao and Mr. Wong Kwok Leung; (ii) two non-executive Directors, namely Mr. Poon Wai Kong and Mr. Wu Hao; and (iii) one independent non-executive Director, namely Mr. Cheung Kwan Hung.

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