The board of directors of Huisheng International Holdings Limited and together with its subsidiaries, announced that, with effect from 22 March 2019, Mr. Deng Jinping (‘Mr. Deng’) has resigned as an independent non-executive director the chairman of the nomination committee of the company (the ‘Nomination Committee’), and a member of the audit committee (the ‘Audit Committee’) of the company. The board announced that Mr. Chan Hin Hang (‘Mr. Chan’) has been appointed as an independent non-executive director with effect from 22 March 2019. Mr. Chan has over 7 years of accounting experience. Currently, he is an independent non-executive director, chairman of remuneration committee and audit committee and a member of the nomination committee of China Demeter Financial investments Limited. Mr. Chan has also been appointed as the chairman of Audit Committee and Nomination Committee and a member of remuneration committee of the Company (the ‘Remuneration Committee’) with effect from 22 March 2019. The board announced that upon the resignation of Mr. Deng, the composition of the board committees of the company has been changed as follows with effect from 22 March 2019: Mr. Deng ceased to be the chairman of the Nomination Committee and a member of the Audit Committee; Mr. Wong Yuk Lun, Alan ceased to be the chairman of Audit Committee and has been re-designated as the member of Audit Committee; and Mr. Chan has been appointed as the chairman of Audit Committee and Nomination Committee and a member of and Remuneration Committee.