The Board of Yi Hua Holdings Limited announces that, Mr. Huang Jianhang and Mr. Zeng Zhiyi have tendered their resignations as independent non-executive Directors with effect from 30 July 2020; and Ms. Chan Man Sze has been appointed as an independent non-executive Director with effect from 30 July 2020. The Board announces that, Following his resignation as a Director, Mr. Huang Jianhang has ceased to be a member of each of the audit committee, remuneration committee and nomination committee of the Company with effect from 30 July 2020; Following his resignation as a Director, Mr. Zeng Zhiyi has ceased to be the chairman of each of the audit committee and remuneration committee of the Company and a member of the nomination committee of the Company with effect from 30 July 2020; Ms. Chan Man Sze has been appointed as the chairman of each of the audit committee and remuneration committee of the Company and a member of the nomination committee of the Company with effect from 30 July 2020; and Mr. Chong Ning has been appointed as a member of each of the audit committee, remuneration committee and the nomination committee of the Company with effect from 30 July 2020.