The board of directors of Tianjin TEDA Biomedical Engineering Company Limited announced that Ms. Sun Li has resigned as chief executive officer of the company and will remain as the Chairman of the Board, executive director, Chairman of the nomination committee, member of the remuneration committee of the company; and Mr. Yang is appointed as the CEO of the Company, his service agreement that entered into with the company will commence on 1 February 2019 and expire on 31 December 2019.