Shanghai La Chapelle Fashion Co., Ltd. announced that Mr. Yu Qiang has tendered his resignation as an executive Director, the chief executive officer of the Company, a member of the strategy and development committee of the Board and all other positions held within the subsidiaries and associated companies of the Company, with effect from 25 February 2020, due to his commitment in his own business which requires more of his time and dedication. Following Mr. Yu's resignation and Mr. Xing's appointment as president of the Company, the Board designated Mr. Xing to perform the obligations of the secretary of the Board. The Board also announced that, following Mr. Yu's resignation, Mr. Yu will cease to be the authorised representative of the Company and Ms. Wong Wai Ling, the company secretary of the Company, has been appointed as the authorised representative of the Company under Rule 3.05 of the Listing Rules, with effect from 25 February 2020.

As a result of the Resignations, Mr. Yu ceased to be a member of the strategy and development committee of the Board.