The board of directors of Zhejiang Chang'an Renheng Technology Co., Ltd. announced that Dr. Huang Zemin has tendered a retirement notice retiring as an independent non-executive Director and a member of the audit committee and remuneration committee of the company respectively on 27 August 2019. The board also announced that due to his other business arrangements, Shao Chen has tendered a retirement notice retiring as an INED, a member of the audit committee and the chairman of the nomination committee of the company on 27 August 2019. The board also announced that due to his other business arrangements, Sun Wensheng has tendered a retirement notice retiring as an executive Director on 27 August 2019. The retirement of the directors shall become effective on 19 October 2019, i.e. the date of the forthcoming extraordinary general meeting.