The board of directors of Tian Yuan Group Holdings Limited announced that Mr. LUO Lifeng has tendered his resignation as a chief financial officer of the Company with effect from 29 April 2020 due to his intention to concentrate on his other business commitments. The Board further announces that Mr. Qiao Li has been appointed as the CFO in place of Mr. Luo with effect from 29 April 2020. Mr. Qiao completed a top-up program in Accountancy at the Northeast Normal University in 2018. He studied finance in the Military Economic Institute of the Chinese People's Liberation Army from September 1997 to July 1999. He obtained an Intermediate Level Certificate of Specialty in Accounting issued by the Ministry of Human Resources and Social Security of the People's Republic of China and the Ministry of Finance of the PRC in May 2014. Mr. Qiao has over 15 years of experience in accounting and finance. Prior to joining the Company, he worked as an assistant to the general manager and a finance manager in Guangdong Oxiranchem Co. Ltd. () (a subsidiary of Liaoning Oxiranchem, Inc, a company listed on the ChiNext of the Shenzhen Stock Exchange (stock code: 300082)) from June 2013 to April 2016. From October 2016 to April 2020, he worked as a chief financial officer in Maoming Shihua East Oil Chemical Co. Ltd. and Maoming Shunhe Petrochemical Company Limited.