Eagle Ride Investment Holdings Limited announced that Mr. Tung Shu Sun has decided to step down from the position of Chairman of the Board due to his advanced age. Mr. Tung has retired from the position of Chairman of the Board whilst remaining as a non-executive director of the Company with effect from September 15, 2020 and Dr. Xiao Yanming has been appointed as the Chairman of the Board with effect from September 15, 2020.