The Board of Directors of China Singyes New Materials Holdings Limited announced that with effect from 25 January 2021: Mr. Sun Jinli resigned as an executive Director, the compliance officer and an authorized representative of the Company, Mr. Tang Liwen resigned as an executive Director due to his other business commitments. The Board announced that, with effect from 25 January 2021: Mr. Du Peng has been appointed as an executive Director; and Mr. Nie Yuanzhou has been appointed as an executive Director. Mr. Du Peng has been the vice president of the Group since December 2020. Mr. Du served as a deputy general manager of the operation department of Zhuhai Huajin Capital Co. Ltd. The Board announced that Mr. Zhang Chao an executive Director, has been appointed as an Authorised Representative and the compliance officer of the Company with effect from 25 January 2021. The Board announces that, with effect from 25 January 2021: Mr. Liu Hongwei ceased to be the chairman of the Company (the "Chairman") but will remain as a non-executive Director; and Mr. Zhang has been appointed as the Chairman. The Board announced that with effect from 25 January 2021: Mr. Liu Hongwei ceased to be the chairman of the nomination committee of the Board and Mr. Zhang has been appointed as the chairman of the Nomination Committee.