Huabao International Holdings Limited announced that Mr. XIONG Qing will retire as an Executive Director and CFO of the Company with effect from 25 May 2019; and Mr. Jonathan Jun YAN has been appointed as an Independent Non-Executive Director and a member of Audit Committee of the Company with effect from 17 May 2019. Currently, Mr. Yan is an Independent Director of Haisco Pharmaceutical Group Co. Ltd., Beijing Shuzhi Technology Co.

Ltd. and Guangdong Baolihua New Energy Stock Co. Ltd. (all are listed on the Shenzhen Stock Exchange) since January 2017, September 2018 and May 2019, respectively.