Puxin Limited announced that the Company has appointed Mr. Yonghong Fan as an independent director to the Company's board of directors and Mr. Kehai Xie has resigned from the Board as an independent director and as a member of each committee of the Board due to personal reasons, both effective June 7, 2020. Mr. Yonghong Fan will serve on the Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee of the Board. Mr. Fan currently serves as general manager at Hongshi Capital Management Co. Ltd.