The board of directors of China Renaissance Holdings Limited announced that Mr. Neil Nanpeng Shen, a Non- executive Director, shall retire by rotation at the forthcoming annual general meeting of the Company in accordance with the articles of association of the Company. Due to Mr. Shen's other business engagement which require more of his time and dedication, Mr. Shen has decided not to stand for re-election and accordingly he will cease to be Non- executive Director on the conclusion of the AGM which is scheduled to be held on June 11, 2020.