Fuwei Films (Holdings) Co., Ltd. announced that Mr. Zengyong Wang had given notice of his resignation dated July 10, 2020, as Chairman of the Board of Directors, effective July 20, 2020. The Board of Directors of the Company accepted Mr. Wangs's resignation on July 10, 2020 and appointed Mr. Lei Yan to serve as Chairman of the Board of Directors effective July 21, 2020. The Board of Directors of the Company accepted Mr. Dong's resignation on July 10, 2020 and appointed Ms. Jingjing Cheng to serve as the Company's director effective July 21, 2020. Mr. Lei Yan has been the President of Shanghai Meicheng Enterprise Management Co., Ltd., since January 2020, where he is responsible for overall business management. Since April 2019, Mr. Yan has been the Director and President of Shandong Shengjia Industrial Park Management Co., Ltd., where he oversees business management. He has been the Vice President of Shandong Hualong Group Co., Ltd. since 2013, where he is in charge of business administration and market expansion. Ms. Jingjing Cheng has been the Director and Chief Financial Officer of Shanghai Meicheng Enterprise Management Co., Ltd. since January 2020, where she is responsible for finance management. Since April 2019, Ms. Cheng has been the Chief Financial Officer and Vice President of Shandong Shengjia Industrial Park Management Co., Ltd., where she is responsible for finance management and operation management.