Molecular Data Inc. announced that Mr. Yanbin Wang has been appointed as a new independent director to the Company’s board of directors, effective May 20, 2020. Mr. Yanbin Wang will also serve as a member of the Board’s nominating and corporate governance committee. Upon the appointment of Mr. Yanbin Wang, the Board will consist of five members: Dr. Dongliang Chang, Dr. Zheng Wang, Dr. Dawei Ma, Dr. Ning Zhu and Mr. Yanbin Wang. Mr. Yanbin Wang is currently serving as a senior vice president overseeing North Asia business at Borouge Pte. Ltd., a leading company in plastics industry. Mr. Yanbin Wang started his career in financial industry with KPMG, and later joined AkzoNobel, where he held various director positions within Powder Coatings business in both Asia and North America regions.