China Xiangtai Food Co., Ltd. announced that on August 13, 2019 and following resignation of Ms. Hu, the Nominating Committee of China Xiangtai Food Co., Ltd. approved the appointment of Mr. David J. Moss and Montgomery Simus to the Board of Directors of the Company, effective upon the trading commencement date of Company's ordinary shares and until the Company's next annual meeting of shareholders, or until his successor is duly elected and qualified, or until his earlier death, resignation or removal. Both Mr. Moss and Mr. Simus have been appointed as members of the Audit Committee, Nominating Committee and Compensation Committee, and Mr. Moss has also been designated as the Chairperson of the Audit Committee. The Company believes that Mr. Moss's appointment will further improve the adequacy and effectiveness of its accounting and internal control policies and procedures, as well as the control of major financial risk exposures.