Smartac International Holdings Limited announced that Mr. Ho Chi Kin has tendered his resignation as chief executive officer of the company effect from April 23, 2021. Mr. Ho resigned in order to devote more time to his other business commitments. The Board further announced that Mr. Yang Xin Min has been appointed as the CEO with effect from April 23, 2021. Mr. Yang, aged 71, senior economist, is the Executive Director, founding chairman and substantial shareholder of the company. Mr. Yang graduated from the Beijing Economics Correspondence College. Since August 1977, Mr. Yang has been the general manager of all predecessor entities of the company and its subsidiaries. Mr. Yang has over 40 years' experience in the research, production management and international market development of zirconium chemicals.