The board of directors of China Foods Limited announced that, with effect from January 4, 2019, Mr. MA Jianping (Mr. MA), has tendered his resignation as a non-executive director, the chairman of the Board, a member and the chairman of the nomination committee and a member of the remuneration committee of the company due to change of work. The Board announced that, with effect from January 4, 2019, Mr. YU Xubo (Mr. YU) has been appointed as a non-executive director and the chairman of the Board. Mr. YU Xubo joined COFCO Corporation and/or its subsidiaries in 1988. He has been the president of COFCO Corporation since April 2007 and previously served at COFCO Group in various positions including the general manager of COFCO Futures Co. Ltd. and a vice president of COFCO Corporation. The Board also announced that Mr. YU Xubo, a non-executive director and the chairman of the Board, has been appointed as a member and the chairman of the Nomination Committee and a member of the Remuneration Committee, with effect from 4 January 2019.