The board of directors of Frontage Holdings Corporation announced with effect from February 10, 2021, Dr. Song Li has been elected as the Chairman of the Board and appointed as the Chief Executive Officer of the company in place of Dr. Zhihe Li, who resigned from such positions and from his roles as a member of the remuneration committee of the Board and a member of the nomination committee of the Board but continues to serve as an executive Director and the Senior Vice President of the company's subsidiary, Frontage Laboratories Inc.