Shandong Fengxiang Co. Ltd. announced that Mr. Zhang Ye has tendered his resignation from his position as an independent non-executive director of the company and a member of the audit committee and the nomination committee of the company on April 19, 2021 due to his other business commitments. Mr. Zhang's resignation will be effective after the election of the new independent non-executive director of the company at a general meeting of the Company to fill his vacancy.