China Xiangtai Food Co., Ltd. announced that on July 31, 2020, Montgomery Simus tendered his notice of resignation to the Company, effective on August 14, 2020, due to personal reason. Mr. Simus currently serves as Company’s independent director and a member of the Audit Committee, the Compensation and Nomination Committee. Concurrently, the Nominating Committee and the Compensation Committee approved and confirmed the appointment of Scott Silverman as a Director of the Company, effective August 14, 2020 until the Company’s next annual meeting of shareholders and until his successor is duly elected and qualified, or until his earlier death, resignation or removal. Mr. Silverman will be serving on the Board of Directors as a non-employee, independent director. The Board has determined Mr. Silverman is an “independent” director under applicable SEC and Nasdaq Marketplace Rules. Mr. Silverman has also been named as a member of the Nominating Committee, Compensation Committee, and the Audit Committee.