The board of directors of New Universe Environmental Group Limited announced that Ms. ZHANG Ying has resigned as the executive Director and a member of the executive committee of the Company (the "Executive Committee"), all with effect from 26 February 2019 due to her other business engagements and commitments. The Board also announces that Ms. ZHANG Shuo has been appointed as an executive Director and a member of the Executive Committee, all with effect from 26 February 2019. Ms. ZHANG Shuo is a senior legal counsel of CMIG Asia Asset Management Co. Ltd. since September 2017. Ms. ZHANG Shuo worked as a legal officer in SWS MU Fund Management Co. Ltd. from September 2015 to September 2017 and practiced as a lawyer at Junhe Law Offices in China from July 2012 to September 2015. She is currently also a non-executive director of Link Holdings Limited. The Company has entered into a letter of appointment with Ms. ZHANG Shuo. The appointment of Ms. ZHANG Shuo is for an initial term of 2 years subject to retirement and re-election at the next annual general meeting of the Company (thereafter retirement by rotation) pursuant to the articles of association of the Company. As at the date of this announcement, Ms. ZHANG Shuo does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).