Hebei Yichen Industrial Group Corporation Limited announced the resignation of Mr. Zhang Ligang as the general manager of the Company with effect from 16 June 2020. The board (the "Board") of directors (the "Directors") of the Company announced that Mr. Zhang Lifeng has been appointed by the Board as the general manager of the Company with effect from 24 June 2020 in order to fill the vacancy following the resignation of Mr. LG Zhang. Mr. Zhang Lifeng aged 40, joined the Group as a deputy general manager in August 2003. Prior to the Appointment, Mr. LF Zhang had been serving as the deputy general manager responsible for overall day-to-day management of marketing and sales of the Group. Mr. LF Zhang completed an online diploma course in business management at Central China Normal University of the PRC in July 2015. Mr. LF Zhang has been serving as the legal representative and the chairman of the board of directors of Xingtai Juneng Railway Electrical Equipment Co. LTD since August 2019.