The board of directors of Forebase International Holdings Limited announced that with effect from November 20, 2019, Mr. Pang Huan Kun has resigned as executive Director and the chief executive officer of the company due to the need to devote more time to pursue his other work engagement, Mr. Huang Xiang Yang has resigned as non-executive Director of the company due to the need to devote more time to pursue his other work engagement and Mr. Yu Lei and Mr. Ernst Rudolf Zimmerman have resigned as independent non-executive Directors, members of the nomination committee, members of the remuneration committee and members of the audit committee of the company due to their other career commitments. Mr. Pang, Mr. Huang, Mr. Yu and Mr. Zimmermann confirmed that they have no disagreement with the Board and there are no matters in respect of their resignation that need to be brought to the attention of the shareholders of the company.