The board of directors of Asia Pacific Silk Road Investment Company Limited announced that Mr. Li Jiuhua (Mr. Li) has resigned as an executive Director, the chief executive officer of the company and a member of the remuneration committee of the Board with effect from 10 January 2020 due to his other business commitments and devote additional time to his family. Mr. Li has confirmed to the Board that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. The Board further announces that subsequent to the resignation of Mr. Li, Mr. Yeung Siu Keung has been appointed as an authorised representative of the company in place of Mr. Li.