The board of directors of Asymchem Laboratories (Tianjin) Co., Ltd. announced that, due to his personal reasons to focus on other commitments, Mr. Wang Qingsong (?Mr. Wang?) has tendered to the Board his resignation from the positions of an independent non-executive director of the Company (the ?independent non-executive Director?), a member of the audit committee under the Board (the ?Audit Committee?), a member of the nomination committee under the Board (the ?Nomination Committee?) and the chairman of the remuneration and examination committee under the Board (the ?Remuneration and Examination Committee?). Upon the resignation taking effect, Mr. Wang will no longer hold any position in the Company. Mr. Wang has confirmed 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 ?Shareholders?) or The Stock Exchange of Hong Kong Limited.

Prior to the appointment of the new independent non-executive Director that satisfies the requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ?Listing Rules?), Mr. Wang will continue to perform his duties as an independent non-executive Director, a member of the Audit Committee, a member of the Nomination Committee and the chairman of the Remuneration and Examination Committee.