ZZ Capital International Limited announced that, with effect from 26 March 2020, Mr. JIANG Yulin will be appointed as an executive Director and chief executive officer of the Company; and Mr. NIU Zhanbin will cease to act as the chief executive officer of the Company but remains as an executive Director, the Chairman of the Board, the chairman of the Nomination Committee and the member of the Remuneration Committee of the Company. JIANG Yulin, is currently an independent non-executive director, chairman of nomination committee and a member of remuneration and evaluation committee of Haitong UniTrust International Leasing Co. Ltd. Mr. Jiang served as an executive director, chairman of the board and a member of nomination committee of China Tian Yuan Healthcare Group Limited.