The board of directors of Tenfu (Cayman) Holdings Company Limited announced that each of Mr. Lee Shih-Wei and Ms. Li Jie has resigned as an executive Director and a non-executive Director, respectively, with effect from 21 March 2020 due to his/her personal developments. Following the resignation of Mr. Lee Shih-Wei, he ceased to act as the vice chairman of the Company with effect from 21 March 2020. Each of Mr. Lee Shih-Wei and Ms. Li Jie has confirmed that there is no disagreement with the Board in any respect and there are no matters which need to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in relation to his/her resignation as an executive Director and a non-executive Director.