Innovative Pharmaceutical Biotech Limited announced that with effect from 1 February 2021: Mr. Chen Jinzhong has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee; Mr. Wang Rongliang, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee; and Ms. Jiang Nian, the chairman of the Board and a non-executive Director, has been appointed as the chairman of the Nomination Committee.