The board of directors of Evergrande Health Industry Group Limited announced that Mr. Peng Jianjun has resigned as an executive Director and the vice chairman of the Board of the Company, and Mr. Liu Yongzhuo has been appointed as an executive Director and the vice chairman of the Board of the Company with effect from 26 June 2020. Mr. Liu Yongzhuo has over 17 years of experience in investment and operation of real estate projects, operation in the sports industry, innovations in finance areas and management and operation of multi-industry companies. Mr. Liu has been serving China Evergrande since 2003, and had served as a vice president of China Evergrande, in charge of Guangzhou Evergrande Taobao Football Club, Evergrande Culture Industry Group.