On September 10, 2020, Yubao Li, Chairman of Yunhong CTI Ltd. was appointed as Chief Executive Officer. Mr. Li has served as a Director of the Company since January 13, 2020 and was elected as Chairman of the Board on June 1, 2020. Mr. Li has been serving as the Chairman of Yunhong International since its inception in January 2019 and served as its Chief Executive Officer from January 2019 to September 2019.