The board (the "Board") of directors (the "Directors") of Akeso, Inc. (the "Company") announced that with effect from August 19, 2020, Mr. Lin Lijun ("Mr. Lin"), a partner of Loyal Valley Capital, has resigned as a non-executive Director due to his other personal commitments which require more of his dedication and time commitment. The Board further announced that Mr. Xie Ronggang ("Mr. Xie"), who currently serves as a managing director in Loyal Valley Capital, has been appointed as a non-executive Director with effect from August 19, 2020. His appointment shall be subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company.