China XD Plastics Company Limited announced that Xin Li, one of the Company's independent directors and the chairman of its Audit Committee, tendered his resignation from the board of directors on January 1, 2020 for personal reason. Upon Mr. Xin Li's resignation, he also ceased to be a member of each of the Audit Committee and Nominating Committee of the Company. Feng Li, one of the Company's independent directors and the chairman of the Compensation Committee also tendered his resignation on January 1, 2020 for personal reason. Upon Mr. Feng Li's resignation, he ceased to be a member of each of the Company's Audit Committee, Compensation Committee, and Nominating Committee. On the same day, Qingwei Ma, one of the company's executive directors, tendered his resignation from the board of directors. On January 2, the company's Board of Directors appointed Huiyi Chen and Guanbao Huang to serve as directors of the company. The Board appointed Mr. Chen as a member and the chairman of the Audit Committee and a member of the Nominating Committee of the Board. The Board also appointed Mr. Huang as a member and the chairman of the Compensation Committee and a member of the Audit Committee of the Board.