The board of directors of YGM Trading Limited announced that with effect from 16 April 2020: Mr. Chan Wing To has resigned as an executive Director; Mr. Lin Keping has resigned as an independent non-executive Director, and has ceased to be the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee of the Company; and Mr. Li Guangming has been appointed as the chairman of the Remuneration Committee of the Company.