Natural Beauty Bio-Technology Limited announced that Dr. Tsai has been re-designated as a non-executive Director and stepped down from being the chairperson of the Board and been appointed as an honorary chairperson of the company, with effect from 26 October 2018 (appointment effective date). The appointments of Dr. Chien Lei AKA Chien Joanna Lei as an executive Director and chairperson of the Board, Mr. Pan Yi-Fan Ivan as an executive Director and Mr. Hsiao Wen-Chung as a non-executive Director (collectively, "New Directors") have become effective on the appointment effective date. Following the appointment of the new directors, the board comprises ten members, including four executive Directors, three non-executive Directors, and three independent non-executive Directors. As a result of the appointment of the New Directors, the number of independent non-executive Directors of the Company will fall below one-third of the Board as required under Rule 3.10A of the Listing Rules. With effect from the appointment effective date, Dr. SU Chien-Cheng ceased to be an authorized representative of the Company, and Mr. Pan Yi-Fan Ivan has been appointed as an authorized representative of the Company pursuant Rule 3.05 of the Listing Rules.