Hydoo International Holding Limited announced that with effect from October 12, 2019 the composition of the Board committees has been changed. Mr. Wang Jianli has resigned as the chairman of the Board and an executive Director of the company, a member of each of the Nomination Committee and the Remuneration Committee. Mr. Huang Dehong has resigned as an executive Director of the Company.

Mr. Yuan Bing has resigned as a non-executive Director of the company, the chairman of the Strategic Review Committee and a member of the Audit Committee of the company; Mr. Wong Choi Hing has been appointed as an executive Director of the company and the chairman of the Board; Mr. Cai Hongwen has been appointed as an executive Director of the company and a co-chairman of the Board, and the CEO of the company; Mr. Zeng Yunshu has been appointed as an executive Director of the company and a co-chairman of the Board, a member of the Nomination Committee; Mr. Wang Dewen, an executive Director of the company, has been re-designated from CEO to co-CEO of the Company, and appointed as a member of each of the Audit Committee and Remuneration Committee; Mr. Zhang Yijun and Mr. Zhang Huaqiao have been appointed as senior consultants of the company.