The board of directors of Century Sage Scientific Holdings Limited announces that with effect from 8 May 2020, Mr. Sun Qingjun resigned as an executive Director and a member of the investment committee of the Company in order to devote more time for his personal commitments. Mr. Sun has confirmed that he has no disagreement with the Board and that he was not aware of other matters that need to be brought to the attention of the shareholders of the Company in relation to his resignation.