The board of directors of Sinco Pharmaceuticals Holdings Limited announced that Mr. Bai Zhizhong ("Mr. Bai") has been appointed as an independent non-executive director of the Company ("INED") and the member of the audit committee and the internal control and corporate governance committee of the Board with effect from 1 September 2020. He worked with the Bank of China from July 1995 to January 2015, where he had previously served as the president of the Guangdong province branch, the Sichuan province branch, the Ningxia Hui Autonomous Region branch and the Guangxi Zhuang Autonomous Region branch of Bank of China, and he served as the head of comprehensive planning division of Bank of China, Shanxi Province branch. Mr. Bai served as the chairman of Bank of China Investment Management Company Limited from January 2015 to June 2017.