The board of directors of Zhejiang United Investment Holdings Group Limited announced that Mr. Tang Yiu Wing has tendered his resignation as independent non-executive director, member of audit committee and chairman of each of remuneration committee and legal compliance committee of the Company with effect from 1 June 2019 due to his desire to devote more time to other businesses. Mr. Tang confirmed that he has no disagreement with the Board and there is no other matter in relation to his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the holders of securities of the company.