The board of directors of the Tenwow International Holdings Limited announced that Ms. Chen Shirley Shiyou retired as a non-executive Director pursuant to article 108 of the articles of association of the Company with effect from the conclusion of the AGM and did not offer herself for re-election at the AGM. Ms. Chen has decided to retire due to her own decision to devote more time to her personal endeavours. The Board further announced the appointment of Mr. Liu Zhao as a non-executive Director was approved by the Shareholders at the AGM. The term of service of Mr. Liu commenced with effect from the conclusion of the AGM. Mr. Liu Zhao has been serving as a managing director of CICC Jia Cheng Investment Management Co. Ltd. and is mainly responsible for investments and post-investment management.