Cosmo Lady (China) Holdings Company Limited announced retirement of Yang Weiqiang and did not offer himself for re-election as non-executive Director due to his other business development, Mr. Yang ceased to be a non-executive Director with effect from the conclusion of the AGM. The Board further announced that Mr. Jiang Bo was appointed as a non-executive Director with effect from the conclusion of the AGM. Prior to joining Fosun Private Equity, Mr. Jiang was an executive director of New Enterprise Associates from March 2012 to December 2016 and a partner of NEA's China spin-off fund Long Hill Capital from January 2017 to April 2018. He was responsible for investments in China. Prior to joining NEA, Mr. Jiang held important positions in Alibaba Group from December 2006 to July 2012, responsible for establishing Alipay's mobile payment team and developing the earliest mobile payment products in China.