The board of directors of Yuanda China Holdings Limited announced the following changes with effect from 10 May 2021 so that Directors could better allocate their time in fulfilling the duties and responsibilities in the committees of the Board. Mr. Woo Kar Tung, Raymond, an existing committee member of the audit committee of the company and an independent non-executive Director, has been appointed as the chairman of the Audit Committee in place of Mr. Poon Chiu Kwok, an independent non- executive Director, with effect from 10 May 2021. Upon which, Mr. Poon Chiu Kwok has been re-designated as a member of the Audit Committee.