The board of directors of China Qinfa Group Limited announced that Mr. FUNG Wai Shing (Mr. FUNG) has tendered his resignation as an executive director and any other positions of the Company with effect from 5 March 2021 due to his health issues. Mr. FUNG resigned all positions in the Company and the Company's subsidiaries. Mr. FUNG confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.