The Board announced that Ta Yang Group Holdings Limited at its annual general meeting in respect of the re-appointment of Mr. Zhao Ang ("Mr. Zhao") as an executive Director was not passed by the Shareholders at the AGM. At the conclusion of the AGM, Mr. Zhao retired as an executive Director of the Company with effect from 29 June 2020. The Board announced that Mr. Zhao ceased to be a member of the executive committee of the Company (the "Executive Committee") with effect from 29 June 2020.