The board of directors of Zheng Li Holdings Limited announced that Mr. ZHANG Guangdong tendered his resignation as an independent non-executive Director with effect from 31 March 2021 as he would like to take more time to focus on his other personal engagements. Following his resignation, Mr. Zhang ceased to be the chairman of the nomination committee and the risk management committee, and a member of the audit committee and the remuneration committee of the Board. Following the resignation of Mr. Zhang as an independent non-executive Director, the company has two independent non-executive Directors and the audit committee of the Board comprises only two members. The company will make further announcement as soon as practicable after the appointment of the new independent non-executive Director.