China Renaissance Holdings Limited announced that upon the approval by the Shareholders at the Annual General Meeting held on June 11, 2020, Mr. Liu Xing was appointed as a non-executive Director of the Company, effective from June 11, 2020. The Company will enter into a letter of appointment with Mr. Liu for an initial term of three years with effect from the date of appointment (i.e. June 11, 2020) of Mr. Liu. The Board further announced that, due to Mr. Neil Nanpeng Shen's other business engagement which require more of his time and dedication, Mr. Neil Nanpeng Shen will retire on June 11, 2020, being the date of the Annual General Meeting, as the non-executive Director. Mr. Neil Nanpeng Shen has confirmed that he has no disagreement with the Board and that he is not aware of any matters relating to his retirement that need to be brought to the attention of the Shareholders.