The board of directors of Honworld Group Limited announced that Mr. Gu Wei has been appointed as a non-executive Director of the Company and a member of audit committee of the Board with effect from 2 September 2020. Mr. Gu Wei, aged 36, has served as vice president of Lunar Capital Partners IV L.P. and head of the risk control department since April 2020. Lunar Capital is a leading private equity fund focusing on consumer market in China and a substantial shareholder of the Company. Mr. Gu focuses on due diligence in investment related fields in the consumer and retail industries, corporate risk control and internal control. Before joining Lunar Capital, Mr. Gu worked in the Beijing Municipal Public Security Bureau, where he led a team to investigate domestic related economic cases and other major cases, and was awarded the Capital Labor Medal. Mr. Gu obtained a bachelor's degree in investigation from the People's Public Security University of China in July 2007 and a master's degree in public management from Beijing Normal University in July 2013. To the best knowledge of the Board, saved as disclosed above, (i) Mr. Gu has not held any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas during the last three years, and (ii) Mr. Gu does not have any relationship with any Director, senior management or substantial or controlling shareholder of the Company. Mr. Gu does not hold other positions in the Company or any of its subsidiaries. Mr. Gu has entered into a letter of appointment with the Company as a non-executive Director for a term of three years commencing from 2 September 2020 and his directorship is subject to the conditions as stated at the letter of appointment and retirement by rotation and re-election at the annual general meetings of the Company pursuant to the articles of association of the Company. Pursuant to the letter of appointment, Mr. Gu is not entitled to any director's fee.