The board of directors of China Lesso Group Holdings Limited announced with effect from 1 September 2020. Mr. Cheung Man Yu will resign as an independent non-executive Director with effect from 1 September 2020. Subsequent to Mr. Cheung's resignation, Mr. Cheung will join the Group as an executive director of subsidiary and will be responsible for daily operations of the subsidiary and other relevant matters as assigned by the Company from time to time. Mr. Cheung has confirmed he has no disagreement with the Board, and there is no other matter that needs to be brought to the attention of the holders of the securities of the Company. The Board wishes to express its appreciation for Mr. Cheung's valuable contributions made to the Company during his tenure of service as an independent non-executive Director. Ms. Lu Jiandong will be appointed as an independent non-executive Director with effect from 1 September 2020. Ms. Lu, aged 51, will be appointed as an independent non-executive Director with effect from the 1 September 2020. Ms. Lu is currently the director and chief financial officer of Rise Education Cayman Ltd, which is listed on NASDAQ. Ms. Lu has served multiple positions in Rise since October 2017, including as an independent director and the chief operating officer. Prior to Rise, Ms. Lu served as an executive director in a subsidiary of the Company from January 2018 to July 2018. With over 15 years of experience in investment banking, Ms. Lu has extensive management and capital markets experiences with deep knowledge about corporate finance, accounting and operations. Ms. Lu served as a managing director in the Global Real Asset Asia Fund of J.P. Morgan Asset Management Real Assets (Asia) Limited from May 2016 to March 2017, and as a managing director and chief operating officer in J.P. Morgan First Capital Securities Co. Ltd. from April 2012 to March 2015. Ms. Lu joined J.P. Morgan Securities (Asia Pacific) Limited in August 2001 and became a managing director in May 2011. Ms. Lu served as a senior representative at John Hancock Mutual Life Insurance Company Beijing Representative Office from July 1994 to June 1999, and she also served as a public officer and chief translator in The Chinese People's Friendship Association with Foreign Countries from August 1991 to July 1994.