Top Spring International Holdings Limited announced removal of Mr. Xu Lei as a non-executive Director and the vice-chairman of the company pursuant to Article 86(3) of the Company's articles of association, which provides that a Director shall be vacated from his office if without special leave of absence from the Board, he is absent from meetings of the Board for six consecutive months. Mr. Xu has been absent from all meetings of the Board for more than six consecutive months since the date of the Announcement in which the Board has come to the attention that Mr. Xu is subject to the disciplinary inspection according to the information on the websites of CPC Yunnan Commission for Discipline Inspection and Yunnan Provincial Supervisory Committee. Mr. Xu has been absent without special leave of absence from the Board and has not performed any duty in his capacity as a non-executive Director during the said period. The Board thereby resolved that Mr. Xu's office would be vacated with effect from 6 December 2019. The Board also announced that Mr. Kui Qiang has been appointed as a non-executive Director with effect from 6 December 2019. Mr. Kui has over 10 years of experience in the fields of fund management, information technology, real estate development and telecommunication. Mr. Kui worked as the deputy supervisor of the financial department of Yunnan Metropolitan Construction Investment Co. Ltd. He is currently the director and financial controller of Caiyun International Investment Limited, a wholly-owned subsidiary of YMCI and a substantial Shareholder.