The board of directors of Hospital Corporation of China Limited announced that with effect from June 23, 2020, (i) Mr. SHAN Guoxin ("Mr. Shan") has resigned as chief executive officer of the Company. Mr. CHEN Shuai has been appointed as acting Chief Executive Officer. Mr. Chen has extensive experience in investment management, supplier management and retail business. He joined Hony Capital in 2003 and has served as a managing director of Hony Capital since 2011. Mr. Chen also currently serves as the deputy general manager of the private equity investment department and a member of the private equity business steering committee of Hony Capital, as well as general manager of Hony Capital's Shanghai platform.