The board of directors of Kingwell Group Limited announced that the Board has accepted the resignation of Mr. Sze Ming Yee as an executive Director of the Company. In order to spend more time pursuing to his business development, Mr. Sze will resign as an executive Director with effect from 19 June 2020. The Board also announced that Mr. Du Yun has been appointed as an executive Director of the Company with effect from 19 June 2020. Mr. Du Yun is the Guangzhou Region Deputy General Manager of the Yango Group Limited since January 2018.