The board of directors of Jiyi Household International Holdings Limited announced that Ms. Hou Wei has resigned as the Chief Executive Officer ("CEO") of the Company with effect from 29 November 2019 due to separation of the roles of Chairlady and CEO to further adopt the code provision A.2.1 of the Corporate Governance Code set out in Appendix 14 to the Listing Rules. Ms. Hou will remain as the Chairlady of the Board, executive director and chairlady of nomination committee of the company. The Board announced that Ms. Deng Yiyi has been appointed as the CEO of the company with effect from 29 November 2019. Ms. Deng has extensive experience and knowledge in the cross-border of legal and regulatory compliance, merger and acquisition transactions, investor relations, corporate finance, private equity and in advising on initial public offerings in Hong Kong and in the United States. Prior to joining the Group, Ms. Deng worked at two leading U.S. law firms, Skadden, Arps, Slate, Meagher & Flom LLP and Cooley LLP, respectively.