The board of directors of China Pioneer Pharma Holdings Limited announced that with effect from March 20, 2020, Mr. Yan Guoxiang has resigned as an independent non-executive Director and a member of each of the Remuneration Committee and the Nomination Committee and Mr. Xiao Guoguang has been appointed as an independent non-executive Director and a member of each of the Remuneration Committee and the Nomination Committee. Mr. Xiao Guoguang Worked in China Minmetals Changsha Research Institute of Mining and Metallurgy 2015 to 2019.