The board of directors of Beijing Tong Ren Tang Chinese Medicine Company Limited announced that with effect from 11 March 2019, Mr. Mei Qun ("Mr. Mei") has retired as the non-executive director of the Company and the chairman of the Board as Mr. Mei has passed the retirement age. Mr. Mei has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the shareholders of the Company in relation to his retirement. During his tenure of service at the Company, Mr. Mei faithfully performed his duties and contributed to the Company's development and enhanced the Company's sustainability. The Board further announces that Ms. Ding Yong Ling ("Ms. Ding"), an executive director and the chief executive officer of the Company, has been appointed as the chairman of the Board with effect from 11 March 2019. Ding Yong Ling, aged 55, has been serving as an executive director and the chief executive officer of the Company and is mainly responsible for day-to-day operation and management. Ms. Ding has been appointed as a managing director of the Company since September 2004. Ms. Ding joined Beijing Tong Ren Tang Group in 1984 and was formerly the head of the foreign trade division of Tong Ren Tang Holdings, manager of the import and export branches and the executive director and the deputy general manager of Tong Ren Tang Technologies and the director of Beijing Tong Ren Tang International Co. Ltd., and also is currently the director and the deputy general manager of Tong Ren Tang Holdings. A service agreement (the "Agreement") was entered into between the Company and Ms. Ding since 15 April 2016 for a period of three years. Pursuant to the Agreement, Ms. Ding will not receive any director's fee as an executive director of the Company. For the year ended 31 December 2018, Ms. Ding did not receive any emolument for her service as the executive director and chief executive officer of the Company. As at the date of this announcement, Ms. Ding has not held any directorship in any Hong Kong or overseas listed companies in the last three years. Ms. Ding does not have any relationship with any Director, senior management or substantial or controlling shareholder(s) (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company nor does she hold any other position with the Company or any of its subsidiaries.