China Traditional Chinese Medicine Holdings Co. Limited announced that the Board has received written resignation report from Mr. CHENG Xueren ("Mr. CHENG"). As he is reaching the retirement age, Mr. CHENG has applied to resign as the president of the Company (that is the general manager), and to re-designate from an executive Director and the managing Director to a non-executive Director.

Mr. CHENG, aged 60, was appointed to the Board on 25 March 2022. Mr. CHENG was graduated from Anhui Institute of Traditional Chinese Medicine (currently known as Anhui University of Traditional Chinese Medicine) with a bachelor degree in Traditional Chinese Medicine in 1985, and finished master course of Basic Theory of Integrated Chinese and Western Medicine in Guangzhou University of Chinese Medicine in 1992. Mr. CHENG has the professional qualifications of chief pharmacist and attending physician.

Mr. CHENG was a physician of Anhui Chuzhou People's Hospital from July 1985 to August 1989; a doctor of Guangdong Second Hospital of Traditional Chinese Medicine from July 1992 to March 1993; a R&D director, a person in charge of quality, a deputy manager of production, the deputy manager of sale, chairman, general manager and secretary of Party committee of Guangdong Yifang Pharmaceutical Co. Ltd. from March 1993 to September 2021. In which, he was the vice director of Guangdong Institute of Traditional Chinese Medicine from March 1993 to May 2015, a vice president and president of the Company from December 2019 to March 2024.

Mr. CHENG has been a director of Chongqing Taiji Industry (Group) Co. Ltd. since 6 May 2022, and held directorship in multiple subsidiaries of the Company.