Vinda International Holdings Limited announced that Mr. Johann Christoph MICHALSKI ("Mr. MICHALSKI"), currently an Executive Director and the Chief Executive Officer of the Company, has tendered his resignation as an Executive Director and the Chief Executive Officer of the Company with effect from 1 October 2020 to pursue his career development. With effect from 1 October 2020, he will be appointed as a Non-executive Director and become a member of the remuneration committee of the Company, cease to be a member of the risk management committee and the executive committee of the Company and continue to serve as a member of the strategic development committee of the Company; an 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.