The board of Genertec Universal Medical Group Company Limited announced that with effect from 28 November 2018, Mr. Guo Weiping resigned as an executive Director, the chief executive officer and a member of the Strategy Committee, due to his other work arrangements; and Mr. Luo Xiaofang resigned as the vice-chairman, a non-executive Director, the chairman of the Strategy Committee, a member of the Remuneration Committee, due to his other work arrangements. The Board announced that with effect from 30 November 2018, Ms. Peng Jiahong was appointed as the vice-chairman, the chief executive officer, and the chairman of the Strategy Committee; Mr. Yu Gang was appointed as an executive Director; Ms. Liu Kun was appointed as a non-executive Director and a member of the Strategy Committee; and Mr. Liu Zhiyong was appointed as a member of the Remuneration Committee. Mr. Yu is serving as a director of Genertec Investment Management Co.

Ltd., a subsidiary of GT-PRC. Ms. Liu is serving as the general manager of the medical healthcare department of GT-PRC, the controlling shareholder of the company.