The board of directors of Sinopharm Tech Holdings Limited announced that Madam CHEUNG Kwai Lan ("Madam CHEUNG") has been re-designated from executive Director to non-executive Director of the Company, from chairperson of the Board to honorary chairperson of the Company, and has resigned as chairperson and member of nomination committee of the Company with effect from 7 January 2021. The Board further announces that Mr. CHAN Ting ("Mr. CHAN") has been re-designated from deputy chairperson to the chairperson of the Board and has been appointed as the chairperson and member of the nomination committee of the Company with effect from 7 January 2021. Madam CHEUNG has keen interest in social welfare and charity works. She is currently the chairperson of Zhang Xueliang Foundation, permanent honorary chairperson of the World of Chinese & Overseas Chinese Peace Promote Association, director of the China Legal Aid Foundation under the Ministry of Justice, vice chairperson of the "Chinese Charitable Work Development Association", and honorary director of "Chinese Si Hai Tong Xin Association in Taiwan". Mr. CHAN, aged 51, is the executive Director, chief executive officer, compliance officer and authorised representative of the Company. He is also a member of the remuneration committee of the Company. He has served the Group for more than 19 years and is the director of various subsidiaries of the Group. He is the director of Best Frontier Investments Limited, the substantial shareholder of the Company. He is responsible for marketing, business development, strategic planning and operations of the Group.