The board of directors of CPMC Holdings Limited announced that Ms. Yu Youzhi has resigned as a non-executive Director of the company with effect from 17 March 2020 as she has reached the retirement age. The Board also announced that Mr. Li Minghua has been appointed as a non-executive Director with effect from 17 March 2020. Mr. Li, aged 51, is appointed as a non-executive Director on 17 March 2020. Mr. Li had served as the general manager of the public relations department of China Foods Import and Export (Group) Co. Ltd. from August 2000 to April 2006; the deputy director of the strategy department and the general manager of the brand management department of China Foods (Group) Co. Ltd. from April 2006 to October 2007; the deputy director of the research and development department and the general manager of the brand management department of COFCO Corporation from October 2007 to June 2008; and had served in the Party and mass discipline inspection and supervision department of COFCO Corporation from June 2008 to May 2019, and served as the chief officer of the Party and mass work department. He has been the director of the human resources department of COFCO Corporation since June 2019.