The board of directors of Beijing Tong Ren Tang Chinese Medicine Company Limited announced that Mr. Yu Jin ("Mr. Yu") has resigned as chief executive officer of the Company with effect from 28 March 2024, due to personal endeavors. The Board announced that Mr. Chen Fei ("Mr. Chen"), in addition to being an executive Director and the executive deputy general manager of the Company, has been appointed as the acting chief executive officer of the Company with effect from 28 March 2024. Chen Fei, aged 53, is an executive Director and the executive deputy general manager of the Company and a director of various subsidiaries of the Company.

Mr. Chen was appointed as a non-executive Director of the Company on 24 March 2020 and was re-designated as an executive Director and was appointed as the chief executive officer of the Company on 11 March 2021, and then was re-designated as the executive deputy general manager of the Company on 19 April 2023. Mr. Chen joined Beijing Tong Ren Tang Group in August 1994 and formerly served as the manager and deputy manager of Operational Management Department of Tong Ren Tang Holdings, the deputy manager of Pricing Department of Tong Ren Tang Holdings, the deputy manager of Economic Operation Department of Tong Ren Tang Holdings and the general manager of Beijing Tong Ren Tang (Thailand) Co. Ltd. Mr. Chen obtained a bachelor's degree in Chinese medicine from School of Chinese Medicine of Beijing Union University in August 1994.