The board of directors of Hope Life International Holdings Limited announced that with effect from 30 December 2020, Ms. Shen Jie (Ms. Shen) resigned as an executive Director and CEO of the Company due to her other business commitments (the Resignation). Following the Resignation, Ms. Shen ceased to be the chairman of the nomination committee (the "Nomination Committee") of the Company and member of the remuneration committee (the "Remuneration Committee") of the Company with effect from 30 December 2020. Ms. Shen ceased to hold any position within the Group following the Resignation. The Board announced that Mr. Hui Kee Fung ("Mr. Hui") has been appointed as (i) the chairman of the Nomination Committee; and (ii) member of the Remuneration Committee with effect from 30 December 2020.