The board of directors (the "Board") of Wuzhou International Holdings Limited announced that Mr. Shu Cewan ("Mr. Shu") has tendered his resignation as an executive director of the Company, the chairman of the Board (the "Chairman"), a member of the remuneration committee and the chairman of the nomination committee of the Company and ceased to be an authorized representative of the Company (the "Authorized Representative") under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), with effect from 23 July 2020 as he needs to devote more time to his other business engagements. Subsequent to Mr. Shu's resignation, his day-to-day management responsibilities as an executive director and the Chairman of the Board will be temporarily taken up by other executive directors of the Company. Mr. Shen Xiaowei ("Mr. Shen"), an executive director of the Company, has been appointed as Authorized Representative with effect from 23 July 2020.