Zhongzhi Pharmaceutical Holdings Limited announced that with effect from 10 December 2021, Mr. Peng Zhiyun has been appointed as a non-executive director of the Company; and Mr. Yang Ai Xing has resigned as non-executive director of the Company. The Board announced that Mr. Peng Zhiyun ("Mr. Peng") has been appointed as a non-executive director of the Company with effect from 10 December 2021. Mr. Peng Zhiyun aged 52, has more than ten years of experience in equity investment. Mr. Peng served as a lawyer from 2003 to 2009. Since 2010, Mr. Peng has been acting the general manager of Shanghai Novich Venture Capital Co. Ltd. He has also been acting the general manager of Shanghai Jinbang Equity Investment Management Co. Ltd. since 2011. In addition, Mr. Peng is also the director of multiple investment portfolio companies of Novich and Jinbang Capital. Mr. Peng serves as a director of Mingyue Optical Lens Co. Ltd., which will become an A-share listed company in mainland China on 16 December 2021. Mr. Yang Ai Xing ("Mr. Yang") has resigned as a non-executive director of the Company with effect from 10 December 2021 due to his other business commitments and work arrangements.