Zhejiang United Investment Holdings Group Limited announced that Mr. Zhou Ying be and is hereby be removed as chairman of the Board and executive Director and from position he holds in any committee of the Board effective from the date of passing such resolution and Ms. Meng Ying be and is hereby be removed from office as executive Director pursuant and from position she holds in any committee of the Board effective from the date of passing such resolution, at the EGM to be held on September 30, 2021.