Shanghai Turbo Enterprises Ltd. announced the appointment of Mr. Hong Yong as Non-Executive Chairman and Lead Independent Director, Remuneration Committee Chairman, Nominating Committee Chairman and Audit Committee Member. His working experience includes: February 2016 - Current: Shanghai Yunzi Capital Co Ltd. -Chief Executive Officer (CEO), China July 2010 February 2016: Shanghai Fuxin Venture Capital Co. Ltd. -Personal Assistant of General Manager, China May 2009 - June 2010 Tianjin Berlith Electric Co. Ltd. (SH:600468) -Personal Assistant of CEO, China. The appointment date is September 30, 2020. Consequently, the compositions of the Board and Board Committees of the Company shall be as follow: Board of Directors: Mr. Hong Yong, Non-Executive Chairman and Lead Independent Director; Mr. Zhang Wenjun, Non-Executive Non-Independent Director; Dr. Daniel Liu Danjun, Non-Executive Non-Independent Director; Mr. Cheah Kian Choong, Non-Executive Independent Director; Mr. Poh Siew Beng, Non-Executive Independent Director; Audit Committee: Mr. Cheah Kian Choong (Chairman), Mr. Poh Siew Beng, Mr. Hong Yong, Nominating Committee: Mr. Hong Yong (Chairman), Dr. Daniel Liu Danjun, Mr. Zhang Wenjun, Mr. Poh Siew Beng, Mr. Cheah Kian Choong. Remuneration Committee: Mr. Hong Yong (Chairman), Mr. Poh Siew Beng, Mr. Cheah Kian Choong.