The board of directors of China Huiyuan Juice Group Limited announced that in order to devote more time to pursue other business commitments: Mr. Zhu Xinli (Mr. Zhu) has tendered his resignation from the positions as chairman of the Board, an executive director, an authorized representative and chairman of the Strategy and Development Committee of the Company with effect from 12 February 2020; Ms. Zhu Shengqin (Ms. Zhu) has tendered her resignation from the position as an executive director with effect from 12 February 2020; and Mr. Wang Wei (Mr. Wang) has tendered his resignation from the positions as an independent non-executive director and a member of the Company's Financial Management and Audit Committee. Following Mr. Zhu's resignation, Ms. Ju Xinyan (Ms. Ju), an executive director of the Company, is appointed as the chairman of the Board with effect from 12 February 2020. As Mr. Wang is currently a member of the Company's Financial Management and Audit Committee, the Company will make necessary adjustment to the composition of the Financial Management and Audit Committee to ensure compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules) and the terms of reference of the Financial Management and Audit Committee when Mr. Wang's resignation becomes effective. The Company is also in the course of identifying suitable candidates with professional background in operations management and compliance to be appointed as new directors of the Company as soon as possible. Following the resignation of Mr. Zhu, Ms. Ju, has been appointed as the authorized representative of the Company with effect from 12 February 2020. The Company is in the course of identifying a suitable candidate to fill the vacancy of the other authorized representative of the Company as soon as possible. Further announcement will be made by the Company in relation to such appointment as and where appropriate.