The board of directors of China Yurun Food Group Limited announced the changes, all effective from 28 March 2019. Mr. Yu Zhangli has tendered his resignation as an executive director, the chairman of the Board, a member of both the Nomination Committee and Remuneration Committee and an authorised representative of the Company and his roles of legal representative, chairman and/or director of the subsidiaries of the Group in the Mainland China due to personal reasons. Mr. Li Shibao has tendered his resignation as an executive director and chief executive officer of the Company and his roles of legal representative, chairman and/or director of the subsidiaries of the Group in the Mainland China due to personal reasons.

Ms. Zhu Yuan is appointed as an executive director, the chairman of the Board, the chief executive officer, a member of both the Nomination Committee and Remuneration Committee and an authorised representative of the Company in place of Mr. Yu and Mr. Li.