The board of the directors of Global Bio-chem Technology Group Company Limited announced that, with effect from 9 February 2021, Mr. Yuan Weisen has resigned as an executive Director and the chairman of the Board due to his wish to focus on his personal affairs. The Board further announced that following the resignation of Mr. Yuan as announced above, Mr. Yuan has ceased to be the chairman of the nomination committee, a member of each of the remuneration committee and the executive committee of the Company and the authorised representative of the Company under Rule 3.05 of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). The Board announced that Mr. Zhang Zihua has been appointed as the chairman of the nomination committee, a member of the remuneration committee of the Company and the authorised representative of the Company under Rule 3.05 of the Listing Rules with effect from 9 February 2021.