The board of directors of Ban Loong Holdings Limited announced that with effect from 12 September 2019: Mr. Wang Minghui (Mr. Wang) and Mr. Yin Pinyao (Mr. Yin) were appointed as executive Directors; Mr. Wang was appointed as the Chairman of the company, and Mr. Chow Wang (Mr. Chow) was re-designated as the Deputy Chairman; Mr. Wang was appointed as the chairman of the Nomination Committee of the company in replacement of Mr. Chow; Mr. Chu Ka Wa (Mr. Chu) ceased to be a member of the Nomination Committee. Mr. Wang is a senior economist in China and has over 36 years of management experience occupying key management roles in pharmaceutical enterprises in China. He is currently the chairman of the board and interim chief executive officer of Yunnan Baiyao Group Co. Ltd. Mr. Yin is a senior economist in China and has over 25 years of management and finance experience occupying key management roles in pharmaceutical enterprises in China. He is currently the chief operation officer and senior vice president of Yunnan Baiyao Group.