The board of directors of Ta Yang Group Holdings Limited announced that with effect from 26 August 2020, Ms. Shi Qi has resigned as the Chief Executive Officer of the company owing to her intention to focus on her duties as an executive Director and the Chairlady of the Board. Ms. Shi will continue to serve as an executive Director and the Chairlady of the Board. Mr. Liu Wengang has been appointed as the Chief Executive Officer with effect from 26 August 2020. Mr. Liu served as the Chief Investment Officer and an executive director of Bisu Technology Group International Limited from 1 November 2019 to 20 August 2020.