The board of directors of Honworld Group Limited together with its subsidiaries, announced that: Mr. Chen Weizhong has tendered his resignation as the chairman of the Board with effect from 11 September 2020; Mr. Wang Chao has tendered his resignation as an executive Director with effect from 11 September 2020; and Mr. Chen Wei has been appointed as the chairman of the Board and an executive Director with effect from 11 September 2020. Mr. Chen Wei has been the chairman of the board of directors of both Huzhou Wuxing City Investment Development Group Limited and Huzhou Wuxing Industry Investment Development Group Limited since September 2017.