Charmacy Pharmaceutical Co., Ltd. announced that Mr. Zhou Tao had submitted his resignation letter to the Company for resigning as an independent non-executive Director due to the need to devote more effort to other personal work matters. His resignation took effect at the conclusion of the AGM. With the resignation of Mr. Zhou as a Director of the Company, Mr. Zhou also ceased to be (i) a member of audit committee of the Board; (ii) the chairman of the nomination committee of the Board; (iii) the chairman of the remuneration committee of the Board; and (iv) a member of the strategic development committee of the Board.

The Board also announce that Mr. Xu Fei ("Mr. Xu") has been appointed as a non-executive Director with effect from the date of the AGM until the expiration of the term of the third session of the Board and he is eligible for re-election upon expiry of his term. The Company will enter into a letter of appointment with Mr. Xu. Mr. Xu will not receive any remuneration for serving as a non-executive Director.

Reference is made to the Announcement that Mr. Lin Zhijie ("Mr. Lin") had submitted his resignation letter to the Company for resigning as Shareholders' representative Supervisor due to the need to devote more effort to work matters. His resignation took effect at the conclusion of the AGM, and he still serves other positions in the Company. The Board announced that Mr. Zhu Minghong ("Mr. Zhu") has been appointed as a Shareholders' representative Supervisor with effect from the date of the AGM until the expiration of the term of the third session of the Board of Supervisors and he is eligible for re-election upon expiry of his term.

The Company will enter into a letter of appointment with Mr. Zhu. Mr. Zhu will not receive any remuneration for serving as a Supervisor.