The board of directors of China Pioneer Pharma Holdings Limited announced that with effect from 22 January 2019, Mr. Luo Chunyi (Mr. Luo) has been appointed as an executive director and the chief executive officer of the company. Mr. Luo, aged 50, has extensive experience in corporate management and banking. Prior to joining the Group, he had served in Ping An Bank (formerly known as Shenzhen Development Bank) for 23 years since 1995.

He held various senior positions in Ping An Bank, including the general manager of Haikou Haidian sub-branch and the assistant general manager of Haikou branch. He also worked as a manager in China Construction Bank from 1989 to 1995 before joining Ping An Bank.