The board of directors of PacRay International Holdings Limited announced that Mr. Duan Hongtao and Mr. Zhang Fumin have been appointed as executive Directors of the Company, with effect from 16 April 2021. Following the resignation of Ms. Lau Mei Ying as executive Director on 15 April 2021, Ms. Li Weina, an executive Director, has been appointed as the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange in replace of Ms. Lau, effective 16 April 2021. Mr. Duan served as (i) president of Zhongying Holding Group Limited from February 2014 to December 2015; (ii) chairman of Zhongying Holding Group Limited from January 2016 to September 2020; (iii) chairman of Zhongying Int'l Holding Group Limited ("Zhongying Int'l") from September 2020 to present; and (iv) a director of Bank of Huludao Co. Ltd. from May 2017 to present. Mr. Zhang served as general manager of Ruizi Financial Leasing (Dalian) Co. Ltd. from January 2020 to present; and (viii) staff of Zhongying Int'l, a controlling shareholder of the Company, from November 2020 to present.