The Board of Raily Aesthetic Medicine International Holdings Limited announced that on 28 December 2021, Mr. Yu Kai resigned as an executive Director and chief executive officer with immediate effect, due to his personal pursuits. Mr. Yu has confirmed to the Company that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the Stock Exchange and the shareholders of the Company. The Board announced that Mr. Song Jianliang, the company's executive Director, has been appointed as the chief executive officer with effect from 28 December 2021 in the place of Mr. Yu following Mr. Yu's resignation.