The board of directors of Century Sage Scientific Holdings Limited (the ‘Company’) announced that with effect from 8 June 2020, Mr. Zheng Yi (‘Mr. Zheng’) resigned as an executive Director and a member of the investment committee of the Company (the ‘Investment Committee’) due to his other personal pursuits and business commitments. Mr. Zheng 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. As a result of the above, Mr. Zheng will not be subject to the re-election as the Director in the forthcoming annual general meeting of the Company to be held on 18 June 2020.