Yunhong CTI Ltd. announced that on August 25, 2020, Frank Cesario, Chief Executive Officer of the company, provided the company with notice of his resignation from all roles with the company, effective September 10, 2020. The board of directors of the company intends to elect Yubao Li, the company’s Chairman, as the company’s new Chief Executive Officer, effective upon Cesario’s resignation. Li has served as a Director of the company since January 13, 2020 and was elected as Chairman of the Board on June 1, 2020. Li has been serving as the Chairman of Yunhong International since its inception in January 2019 and served as its Chief Executive Officer from January 2019 to September 2019. Li has been serving as the president of Hubei Academy of Science and Technology since July 2018.