The board (the "Board") of directors (the "Directors") of Wai Chun Bio-Technology Limited announced that Mr. Li Jinyuan ("Mr. Li") has been appointed as an Independent Non-executive Director of the Company and a member of the Company's Audit Committee with effect from 10 January 2020. Mr. Li, aged 56, has accumulated 30 years of experience in the financial and banking industry in the People's Republic of China. Mr. Li is a Senior Economist. Mr. Li is an independent non-executive director of Enviro Energy International Holdings Limited whose shares are listed on The Stock Exchange of Hong Kong.