The board of directors of China Smartpay Group Holdings Limited announced that Mr. Zhang Xi has been appointed as an executive Director with effect from 12 October 2020. Mr. Zhang, obtained a bachelor's degree in international trade from Xiamen University in July 1990. Mr. Zhang has extensive experience in the areas of property, finance and Technology Media Telecom (TMT) investment. The Board also announced that Mr. Shiu Shu Ming has been appointed as the joint company secretary of the Company (the "Joint Company Secretary") with effect from 12 October 2020. Mr. Tang Wai Leung, the existing company secretary of the Company, will act as the other Joint Company Secretary. Mr. Shiu is currently the responsible officer of Euto Capital Partners Limited and the non-executive director of Golden Century International Holdings Group Limited, whose shares are listed on the Main Board of the Stock Exchange. The Board also announced that Mr. Tang ceases to act as the authorised representative (the "Authorised Representative") of the Company due to reallocation of work; whereas Mr. Shiu has been appointed as the Authorised Representative under Rule 5.24 of the GEM Listing Rules in replacement of Mr. Tang, both with effect from 12 October 2020. The Board further announced that Ms. Song Qian has resigned a the chairlady of the Board of the Company both with effect from 12 October 2020 due to other commitments and she will remain as an executive Director; whereas Mr. Zhang has been appointed as the chairman of the Board in replacement of Ms. Song with effect from 12 October 2020.