Rongyu Group Co., Ltd. at its Extraordinary General Meeting of 2020 held on August 31, 2020 elected Lu Lu, Niu Zhanbin, Tuo Yuting, Tuo Yuting, and Pan Guigang as non-independent directors; elected Qiu Xin, Jiang Lin and Chen Yawei as independent directors; elected Miao Zhuang and Li Yanjing as supervisors.