Hua Medicine (Shanghai) Ltd. announced that Dr. Lian Yong CHEN has tendered his resignation from the office of a non-executive Director and as a member of the Board's remuneration committee on March 16, 2022 with immediate effect. Dr. Chen resigned from his position in order to devote more time to his other work commitments and has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. Following Dr. Chen's resignation, Mr. Junling Liu, an independent non-executive Director of the Company, will be appointed as a member of the Remuneration Committee with effect from March 16, 2022.

The Board announced that following Dr. Chen's resignation, the Board appointed Ms. Wei ZHAO as a non-executive Director with effect from March 16, 2022. She is currently the executive director, Corporate Development and Investments of WuXi AppTec (Shanghai) Co. Ltd. Since March 2019, she has also been serving as the non-executive Director of Clarity Medical Group Holding Limited.