The board of directors announces that Mr. See Tak Wah resigned as an independent non-executive Director with effect from 9 July 2021 due to his needs to devote more time on other business commitments. The Board announce that with effect from 9 July 2021, Mr. Liu Qin has been appointed as an independent non-executive Director. He has over 27 years of experience in corporate finance, taxation and internal control management in large-scale group companies. Immediately following the resignation of Mr. See as the independent non-executive Director, he also resigned as the chairman of the audit committee of the Company (the Audit Committee), a member of the nomination committee of the Company (the Nomination Committee) and a member of the remuneration committee of the Company (the Remuneration Committee) with effect from 9 July 2021. Mr. Liu, an independent non- executive Director of the Company, has been appointed as the chairman of the Audit Committee; and Mr. Pan Lihui has been appointed as a member of the Nomination Committee and a member of the Remuneration Committee with effect from 9 July 2021.