Beijing Tong Ren Tang Chinese Medicine Company Limited announces retirement of Mr. Zhang Huan Ping as an executive director of the chief executive officer of the company and a member of the Competition Executive Committee as Mr. Zhang has passed the retirement age with effect from March 11, 2021. The company also announced that Mr. Chen Fei, currently a non-executive director of the company has been appointed as the Chief Executive Officer and effective March 11, 2021.