The board of directors of Hydoo International Holding Limited announced that, with effect from 20 March 2019, Mr. Wang Lianzhou ("Mr. Wang") has retired as an independent non-executive director ("INED"), the chairman of the remuneration committee, a member of the nomination committee and a member of the strategic review committee of the company, as Mr. Wang is at the age of 79 and has passed the retirement age. Mr. Wang has confirmed that he has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company with regard to his retirement. The board announced that, with effect from 20 March 2019, Mr. Yue Zheng ("Mr. Yue") has been appointed as an INED, the chairman of the Remuneration Committee, a member of the Nomination Committee and a member of the Strategic Review Committee of the company to fill the vacancy caused by Mr. Wang's retirement. Mr. Yue Zheng has been serving as a vice president of Chia Tai Land company Limited since July 2004. Prior to that, Mr. Yue served as a project manager and a marketing director of PricewaterhouseCoopers China and PricewaterhouseCoopers New York from July 1997 to July 2004.