China Traditional Chinese Medicine Holdings Co. Limited announced that Mr. WU Xian has reached retirement age and submitted to retire as the executive Director and chairman of the Board on 29 April 2022, with effect from 12 May 2022. Mr. WU has vacated from the office as chairman of each of the nomination committee and the strategic committee of the Board upon his retirement as an executive Director.

Mr. WU has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited. The Board announced that Mr. CHEN Yinglong has been appointed as an executive Director and the Chairman, with effect from 12 May 2022. Mr. CHEN has also been appointed as the chairman of each of the Nomination Committee and the Strategic Committee.

Mr. CHEN Yinglong, aged 51, was appointed to the Board on 12 May 2022. Mr. CHEN graduated from Heilongjiang University with a bachelor degree of English majoring in English Literature in 1993 and completed the master course of Management Science and Engineering in School of Management of Harbin Institute of Technology in 1999. Mr. CHEN has the professional qualification of senior enterprise information manager and senior economist.

Mr. CHEN was the business manager of the first business department of Harbin Metals and Minerals Import and Export Corporation from December 1993 to September 1994; the first representative of Harbin branch of Eisenberg Group United Development Co. Ltd. from September 1994 to October 1999; the general manager of Harbin Runhe Technology Development Co. Ltd. from October 1999 to April 2004; a director and general manager of Harbin Baida Pharmaceutical Co.

Ltd. from April 2004 to November 2009; a manager of the raw material department and successively a manager of the safety and environmental protection department of China National Pharmaceutical Industry Company Limited from November 2009 to August 2010; the deputy general manager, general legal adviser and secretary of the board of directors of China Traditional Chinese Medicine Co. Ltd. from August 2010 to December 2018. He served as a vice president of the Company from December 2018 to May 2020, during which he was also the standing committee member of the municipal committee and deputy mayor of Baishan City of Jilin Province.

He has been director of public affairs department of China National Pharmaceutical Group Corporation since May 2020. Mr. CHEN is currently the deputy Party secretary of the Company and the chairman of the board of directors, general manager and provisional deputy Party secretary of the China Traditional Chinese Medicine Co. Ltd.