The board of directors of C.banner International Holdings Limited announced that Mr. Wan Xianghua has resigned as an executive Director with effect from 6 August 2021 due to personal health reasons and Mr. Li Xindan has resigned as an independent non-executive Director with effect from 6 August 2021 due to his other business commitment. The Board announced that Mr. Zhang Baojun (Mr. Zhang) has been appointed as executive Director with effect from 6 August 2021. Mr. Zhang is the chief financial officer of the Group. He joined the Group in 2001. He previously served as the accounting manager, deputy director and director of the financial management centre of the Group. The Board announced that Mr. Xu Chengming (Mr. Xu) has been appointed as independent non-executive Director with effect from 6 August 2021. Mr. Xu previously acted as an independent non-executive Director of the Company for the period from 26 August 2011 to 28 January 2014. Mr. Xu served as the president of Nanjing Xiaozhuang College from June 2014 to May 2020. Following the above changes to the composition of the Board, Mr. Li has ceased to be the chairman of the remuneration committee of the Board and a member of each of the audit committee of the Board and the nomination committee of the Board all with effect from 6 August 2021. The Board announced that Mr. Xu has been appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee, all with effect from 6 August 2021.