The board of directors of Teamway International Group Holdings Limited announced that, with effect from 30 January 2020, Mr. Xu Gefei has resigned as the chairman of the Board and an executive Director due to other business commitment. The Board announced that, with effect from 30 January 2020, Ms. Duan Mengying has been appointed as an executive Director. Ms. Duan Mengying, joined the company as the Chief Financial Officer on 1 April 2017. She has over 10 years of experience in auditing, accounting and financial management.