The board of directors of Grace Life-tech Holdings Limited announced that Mr. Li Yang has resigned as an executive Director, co-chairman of board of directors of the Company with effect from the date of this announcement due to his intention to spend more time on his other business and commitments. Following the resignation, Mr. Li will cease to be chairman of nomination committee and Ms. Li Xiaolan has been appointed as chairman of nomination committee, both with effect from the date of this announcement.