Vinda International Holdings Limited has announced the resignation of Johann Christoph MICHALSKI as Chief Executive Officer of the Company with effect from 1 October 2020. With effect from 1 October 2020, Ms. LI Jielin ("Ms. LI"), currently an Executive Director and the Deputy Chief Executive Officer of the Company, will be appointed as the Chief Executive Officer of the Company. Ms. LI will maintain her directorship as an Executive Director and she will become a member of the risk management committee of the Company, cease to be a member of the remuneration committee of the Company and continue to serve as a member of the executive committee and strategic development committee of the Company.