The board of directors of PacRay International Holdings Limited announces that Mr. Xu Beinan has resigned as executive Director of the Company with effect from 14 August 2020, due to his own business engagement which requires more of his attention and dedication. The Board further announces that Ms. Li Weina has been appointed as executive Director with effect from 14 August 2020. Ms. Li joined the Group from July 2019, and is taking the role of a vice president in human resource and administration. She has been employed as an administration and human resource manager and secretary to chief officer in Zhongxin Fengyue (Dalian) Limited from 2010 to 2014, and a manager of the board office and secretary to chief officer in Zhongying Holding Group Limited from 2014 to 2019.