The Board of China BlueChemical Ltd. announced that Mr. Hou Xiaofeng was appointed as the President with effect from 12 August 2020. His term of office will last till the date of re-appointment of a new CEO and President by the next session of the Board. Subject to the approval of his appointment as an executive Director by the Shareholders. Mr. Hou Xiaofeng will enter into a service contract with the Company.