The board of directors of Clifford Modern Living Holdings Limited announced that Mr. SUN Derek Wei Kong ("Mr. Sun") has resigned as an executive Director, the chief executive officer, with effect from 1 October 2018. To pursue other personal and business commitments. The Board announced that the resignation of Mr. Sun, Ms. MAN Lai Hung ("Ms. Man") has been re-designated from a non-executive Director to an executive Director of the Company and has been appointed as the Chief Executive Officer, a LR Authorised Representative and a Process Agent of the Company with effect from 1 October 2018.

In her capacity as the chairman of the Board ("Chairman"), an executive Director and the Chief Executive Officer, Ms. Man will continue to provide leadership for the Board, to oversee establishment and implementation of good corporate governance practices and procedures, to give input from the perspectives of strategic planning and key business decisions of the Company, and will manage the overall operations of the Group and in particular, planning the Group's business and development strategies and overseeing the management of the Group's business. Ms. Man has been the Chairman of the Group and a Director of the Company since January 2016. Ms. Man is the founder of the Group and has since been in charge of the strategic development, management, operations as well as the overall performance of the Group.

Ms. Man was appointed as a member of the Thirteenth National Committee of the Chinese People's Political Consultative Conference in January 2018. She also takes part in other social public services including: being a member of the standing committee of the Thirteenth Beijing Women's Federation, the chairman of the Tenth Council of the Chamber of Commerce of Guangzhou Foreign Investment Enterprises, the vice president of the Fifteenth Executive Committee of the Guangzhou Chamber of Commerce, the vice president and member of the standing committee of the Second Executive Committee of Hong Kong Federation of Guangzhou Association, the vice president of New Home Association, the founding member of the "Business for Social Good Platform organised by Hong Kong Foundation, a fellow member of Hong Kong Institute of Directors, and the honorary chairman of Baise City Education Fund.