On 14 November 2019, the Provisional Liquidators received resignation letters tendered by each of Prof. Zhang Daopei ("Prof. Zhang") and Prof. Chen Lihong ("Prof. Chen"). Both Prof. Zhang and Prof. Chen resigned as independent non-executive Directors of Youyuan International Holdings Limited with effect from 14 November 2019 due to personal reasons. Accordingly, Prof. Zhang and Prof. Chen have also ceased to be the members of each of the audit committee, nomination committee and remuneration committee. Immediately upon the resignation of Prof. Zhang and Prof. Chen as independent non-executive Directors.