The board of directors of Solis Holdings Limited announced that Ms. Ren Hongyan has tendered her resignation as an independent non-executive Director of the Company with effect from 29 December 2020 as she needs to devote more time for her other commitments. Following the Resignation, Ms. Ren ceased to be the chairman of the nomination committee (the "Nomination Committee") of the Company and a member of each of the audit committee (the "Audit Committee") and the corporate governance committee (the "Corporate Governance Committee") of the Company with effect from 29 December 2020. The Board announced that Mr. Lu Xianglong has been appointed as a non-executive Director of the Company with effect from 29 December 2020. Mr. Lu, has over 37 years of experience in banking and e-commerce.