CWT International Limited announced that Ding Lei has resigned as an Executive Director and the Co-Chairman with effect from the conclusion of the Annual General Meeting on June 26, 2020, and he ceased to act as the chairman of each of the Executive Committee and the Investment Committee and a member of the Asset Management Committee. Li Neng, currently an Executive Director and the Chief Executive Officer, has been appointed as the Co-Chairman, as well as the chairman of the Executive Committee, and a member of the Asset Management Committee, all with effect from the conclusion of the Annual General Meeting on June 26, 2020. Zhu Weijun, currently an Executive Director and the Co-Chairman, has been appointed as the chairman of the Investment Committee with effect from the conclusion of the Annual General Meeting on June 26, 2020.