Global Cord Blood Corporation announced the appointment of Mr. Siu Chuen Cheng as a new independent non-executive director to the Board of Directors of the company. Mr. Cheng will join the Board as a class C independent non-executive director, effective immediately. He will also join the company's Special Committee as a member, and the Compensation Committee as a member. Meanwhile, Mr. Mark D. Chen will resign from the Compensation Committee, and Dr. Ken Lu will replace Mr. Mark D. Chen's position as Chairperson of the Compensation Committee. With the addition of Mr. Cheng, the Board has been expanded to eight (8) members. Mr. Cheng currently serves as a partner at the law firm of C&T Legal LLP and also serves as a consultant to China Minsheng Financial Holding Corporation Ltd. Mr. Cheng has over 10 years' of experience in legal and compliance for corporations and banks, and has been providing year-round legal consultancy for various banks and solicitors. Prior to his current positions, Mr. Cheng acted as the consultant to the legal and compliance function for various legal firms and banks such as KCL & Partners Solicitors, Cheung & Liu Solicitors, and China Minsheng Banking Corp. Ltd. (Hong Kong Branch).