The board of directors of Chinese Food and Beverage Group Limited announced that Ms. Li Yuet Mei Dilys (Ms. Li) has tendered her resignation as an executive director due to her other personal commitments which require more of her dedication and Mr. Eric Todd (Mr. Todd) has been appointed as an executive director, both with effect from 17 March 2020. Mr. Todd holds a bachelor of science degree in business administration from Boston University in the United States. He was a certified public accountant in the State of California, the United States from September 1989 to January 2010. Mr. Todd started his career at the Hong Kong office of KPMG (formerly known as KPMG Peat Marwick) from 1985 to 1990 and subsequently joined the Standard Chartered Bank Group and worked from 1991 to 1995. Prior to joining the Company, he had been employed as a business consultant and also served as finance director for several companies engaged in the media industry. As at the date of this announcement, Mr. Todd is a non-executive director of Leyou Technologies Holdings Limited and an executive director of Shi Shi Services Limited. Mr. Todd was also an independent non-executive director of Boill Healthcare Holdings Limited from July 2016 to August 2017. The securities of these companies are listed on the Stock Exchange. Mr. Todd was an executive director of Hsin Chong Group Holdings Limited (provisional liquidators appointed) (for restructuring purpose only) (Hsin Chong) from March 2017 to March 2019, whose securities were listed on Main Board of the Stock Exchange. Following the resignation of Ms. Li, she simultaneously ceased as the authorized representative of the company under Rule 5.24 of the GEM Listing Rules and Mr. Todd has been appointed as the authorised representative of the Company under Rule 5.24 of the GEM Listing Rules, both with effect from 17 March 2020. Mr. Cheung Yuk Chuen (Mr. Cheung) has tendered his resignation as the company secretary of the company (the company secretary) with effect from 17 March 2020. Following the resignation of Mr. Cheung, the Board announced that Mr. Pang Kin Ki, Gregory (Mr. Pang) has been appointed as the Company Secretary with effect from 17 March 2020. Mr. Pang holds a bachelor of commerce degree from Monash University in Australia. He is a member of the Hong Kong Institute of Certified Public Accountants and a member of CPA Australia. Mr. Pang has over 15 years of experience in corporate governance, mergers and acquisition, auditing and financial management.