Lonking Holdings Limited announced that Mr. Luo Jianru has retired from his position as an executive director of the Company and Mr. Chen Zhen has retired from his position as an independent non-executive director of the Company after the conclusion of the AGM held on May 26, 2021. At the AGM, the company approved to appoint Mr. Yu Tai Wei, as an independent non-executive Director. Mr. Yu entered into a service contract with the Company on 26 May 2021 for an initial term of one year commencing from 26 May 2021 which is subject to retirement by rotation and re-election in accordance with the Articles of Association of the Company. The Board further announced that Mr. Yu has been appointed as the Chairman of Nomination Committee and a member of the Audit Committee of the Company, with effect from 26 May 2021.