The Board of Christine International Holdings Limited announced changes to the composition of the Board, all with effect from 3 July 2020. Mr. Hang Sheng Ye, currently head of Shanghai Guangting Law Firm. Dr. Yong Jun Tang, Ms. Hong Xue and Ms. Xiao Yan Xu, currently works as manager (deputy general manager) of Jumeirah Nanjing Hotel, responsible for the daily operation and management of the hotel, have been appointed as independent non-executive Directors; In 2014, Dr. Tang was a senior visiting scholar at Catholic University of Leuven in Belgium. Ms. Xue has worked in the core departments and leadership positions of the financial system for a long time and has extensive experience in operation and management. The term of office and the annual emolument of Ms. Xue and Ms. Xu are yet to be determined and will be determined by the Board with reference to her duties and responsibilities, the remuneration policy of the Company as well as the prevailing market conditions, and will be subject to the annual review by the Board and the remuneration committee of the Company. She will hold the office until the next annual general meeting of the Company and is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the Articles. The Board further announces that Mr. Chun Bin Xu who was appointed as an independent non-executive Director with effect from 30 August 2019, has been re-designated from an independent non-executive Director to an executive Director with effect from 3 July 2020. Mr. Xu had been the president of Nanjing Branch of Bank of Shanghai, the chairman of Jiangning District Shangyin Village Bank and the general manager of Cash-Center of the Bank of Shanghai Head office since 2015. The Board announces that Mr. Xu, Ms. Xue, Dr. Tang and Mr. Ye have been appointed as members of the nomination committee of the Company, with Mr. Ye serving as the chairman of the committee, and Mr. Yong Ning Zhu has been re-designated from chairman to member of the nomination committee, all with effect from 3 July 2020. The Board announces that Dr. Tang, Ms. Xue and Ms. Xu have been appointed as members of the audit committee of the Company, with Dr. Tang serving as the chairman of the committee, and Mr. Xu has retired as a member of the committee, all with effect from 3 July 2020. The Board announces that Mr. Xu and Ms. Xu have been appointed as members of the strategy and investment committee of the Company with effect from 3 July 2020.