The board of directors of Ernest Borel Holdings Limited announced that with effect from 10 June 2019 Mr. Tao Li (Mr. Tao), the chief executive officer of the Company, has tendered his resignation as the CEO and has been appointed as the non-executive Director of the Company; and Mr. He Wen (Mr. He) has been appointed as the CEO of the Company. Mr. Tao Li was the CEO of the Company from 12 October 2018 to 10 June 2019. Mr. Tao joined the Company in January 2018 and was the general manager of the Company and the vice-president of Ernest Borel S.A. Mr. He from October 2016 to present, worked in the Ernest Borel Holdings Limited, successively serving as the vice president, chief operation officer and executive vice president.