The board of directors of Anxian Yuan China Holdings Limited announced that with effect from 21 July 2020, Mr. Yao Hong ("Mr. Yao") has tendered his resignation as an independent non-executive director and a member of each of audit committee, remuneration committee and nomination committee of the Company, due to devote more time to other business commitments. Mr. Yao has confirmed that he has no disagreement with the Board and that he was not aware of other matters that need to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited ("Stock Exchange") in connection with his resignation. The Board is also not aware of any such matters to be brought to the attention of the Stock Exchange and the shareholders of the Company.