The Board of Directors of Yi Hua Holdings Limited announced that Mr. Chen Zhengtao has tendered his resignation as an executive Director with effect from 17 April 2019 due to his intention to concentrate and strengthen the operation of the original retail sector of the Group in the mainland China. Following his resignation as an executive Director, Mr. Chen continues to hold certain positions in the subsidiaries of the Company. The Board also announced that Mr. Wang Qi has been appointed as an executive Director with effect from 17 April 2019. Since March 2018, Mr. Wang has been the chairman of the board of United Medical Management Group Company Limited.