The board of directors of Zhongtian International Limited announced that Mr. Chen Dezhao decided to step down as the Chairman of the Company and resign as an executive Director, the Chairman of the Nomination Committee and a member of the Remuneration Committee of the Company. Ms Su Haiqing will be appointed as an executive Director of the Company and the authorised representative of the Company. Ms. Su held various positions in Qingdao Branch, the Bank of China from September 1991 to May 1999, and worked in the International Computing Department of Shandong Province Branch of the Bank of China from May 1999 to January 2008. Since February 2008, she has been the manager and supervisor of Qingdao Songlei Tennis Industry Development Co. Ltd. Mr. Chen Jun will be appointed as the Chairman of the Nomination Committee and also the chairman of the company with effect from 20 December 2019.