The board (the "Board") of directors (the "Directors" and each a "Director") of the Yi Hua Holdings Limited (the "Company", together with its subsidiaries, the "Group") announced that Mr. Zeng Zhiyi ("Mr. Zeng") and Mr. Tong I Tony ("Mr. Tong") have been appointed as independent non-executive Directors with effect from 18 December 2019. Mr. Zeng is currently a deputy general manager of (Zhongshan Anping Real Estate Appraisal Company Limited#) since 2003, responsible for real estate valuation, feasibility analysis report review, and daily administration and management. Mr. Tong is currently the co-chairman of the Hong Kong Blockchain Association and a director of GlobalSTOX Limited. The Board announces that with effect from 18 December 2019, Mr. Mao Dan has ceased to be the chairman and a member of the remuneration committee of the Company, a member of each of the audit committee and the nomination committee of the Company; Dr. Lieu Geoffrey Sek Yiu, has ceased to be a member of each of the audit committee, the remuneration committee and the nomination committee of the Company; Mr. Zeng has been appointed as the chairman and a member of the remuneration committee of the Company, a member of each of the audit committee and the nomination committee of the Company; and Mr. Tong has been appointed as a member of each of the audit committee, the remuneration committee and the nomination committee of the Company.