The board ("Board") of directors ("Director") of Zhou Hei Ya International Holdings Company Limited (the "Company") approved the application from Ms. LI Ying ("Ms. Li") for her resignation as an executive Director, a member of remuneration committee ("Remuneration Committee") and a member of strategic development committee ("Strategic Development Committee") of the Company on 15 November 2019. The Board is announce that, with effect from 15 November 2019, Mr. ZHANG Yuchen ("Mr. Zhang"), the chief executive officer of the Company, has been appointed as an executive Director, a member of the Remuneration Committee and a member of Strategic Development Committee. From 2013 to 2016, Mr. Zhang served as Sales Director (China) at Mattel Barbie (Shanghai) Trading Co.,Ltd. Mr. Zhang then served as the Country Manager (China) at Hasbro Trading (China) Co. Ltd., a toy trading company, from 2016 to 2019. In May 2019, Mr. Zhang joined the Group, serving as Executive Vice President of Hubei Zhouheiya Enterprises Development Co. Ltd. He was appointed as the chief executive officer of the Company in August 2019.