The board of directors of Tiangong International Company Limited announced that Mr. Wu Suojun will step down from his role as Chief Executive Officer of the Company with effect from 30 March 2021. The Board further announced that Mr. Zhu Zefeng will be appointed as the Chief Executive Officer of the Company with effect from 30 March 2021 Mr. Zhu joined the Company as management trainee in January 2016 to acquire the relevant experience and knowledge of the manufacturing process of the Group’s products. Mr. Zhu was appointed as Chief Investment Officer of the Company on 3 January 2017. Prior to his joining, he worked for TopTech Tools Manufacturing Inc.