The board of directors of Sinco Pharmaceuticals Holdings Limited announced that, with effect from 8 January 2021, Ms. Zhang Zhijie has tendered her resignation as an executive director and a member of the remuneration committee of the Company due to her personal reasons. The Board further announced that Mr. Bai Zhizhong, an existing independent non-executive Director and the member of the audit committee and the internal control and corporate governance committee of the Company, has been appointed as the member of the Remuneration Committee, with effect from 8 January 2021.