The board of directors of China NT Pharma Group Company Limited announced that Dr. Hong Yan has been appointed as an independent non-executive Director of the company and a member of the audit committee of the company, with effect from June 15, 2018. Dr. Yan is a professor of finance at the Shanghai Advanced Institute of Finance (SAIF) of Shanghai Jiao Tong University, where he serves as the deputy dean as well as the deputy director of China Academy of Financial Research. He is also a director of the China Hedge Fund Research Center. Before he joined SAIF as a full-time teaching staff, Dr. Yan was a tenured faculty member at the Moore School of Business in the University of South Carolina, the United States of America. The Board further announced that Dr. Lap-Chee Tsui resigned from his position as an independent non-executive Director of the company, a member of the Audit Committee with effect from June 15, 2018 due to personal reasons.