The Board of directors of Long Well International Holdings Limited board of directors announced that Mr. Chen Yongsheng has tendered his resignation as the chief executive officer of the company with effect from 26 May 2020 to devote more time to his business engagement. He has also tendered his resignations from the position as director of all relevant subsidiaries of the Group as at the date of this announcement. Mr. Chen confirmed that he has no disagreement with the Board and there is no matter in respect of his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.