The board of directors of COFCO Joycome Foods Limited announced that Mr. Zhang Lei has resigned as a non-executive Director of the Company, and Mr. Lee Ted Tak Tai has resigned as an independent non-executive Director of the Company with effect from December 11, 2020. Mr. Zhang Lei ("Mr. Zhang") has resigned as a non-executive Director with effect from December 11, 2020 as he would like to devote more time to his other business commitments. Mr. Lee Ted Tak Tai ("Mr. Lee") has resigned as an independent non-executive Director and has ceased to be the chairman of the Audit Committee and a member of the Remuneration Committee of the Company with effect from December 11, 2020 as he would like to devote more time to his other business commitments. With effect from December 11, 2020, Mr. Li Michael Hankin, an existing independent non- executive Director, has been appointed as the chairman of the Audit Committee of the Company. With effect from December 11, 2020, Dr. Ju Jiandong, an existing independent non-executive Director, has been appointed as a member of the Remuneration Committee of the Company.