The board of directors of Zheng Li Holdings Limited announced that Mr. Yan Jianqiang has been appointed as an executive Director of the company with effect from 12 October 2018. Mr. Yan has continuously served in automotive accessories sales and internet companies for 20 years with hands-on experience in the corporate management industry. Mr. Deng Bin has been appointed as an independent non-executive Director, a member of each of the audit committee and the nomination committee of the Company with effect from 12 October 2018. Mr. Deng Bin has continuously served in the bamboo industry and companies engaging in the import and export of various commodities and technology for the past 30 years with hands-on experience in the production and sales of bamboo products and corporate management. Ms. Pok Mee Yau has resigned as an independent non-executive Director, the chairman of each of the nomination committee and the risk management committee of the Company and a member of the audit committee of the Company with effect from 12 October 2018. Mr. Liu Ji has resigned as an independent non-executive Director, the chairman of the audit committee of the Company and a member of each of the remuneration committee and nomination committee of the Company with effect from 12 October 2018. Mr. Zhang Guangdong has been appointed as the chairman of each of the nomination committee and risk management committee of the Company with effect from 12 October 2018. Mr. Leung Yiu Cho has been appointed as the chairman of the audit committee of the Company with effect from 12 October 2018.