The board of directors of China U-Ton Holdings Limited announced that, with effect from 29 February 2020, Ms. Teng Xun will be appointed as an independent non-executive Director, and a member of the audit committee, remuneration committee and nomination committee of the company. Ms. Teng is currently working as the Controller in a consultant firm in Tianjin. Ms. Teng will enter into a letter of appointment with the company after her appointment. Her directorship will be subject to retirement by rotation and re-election pursuant to the memorandum and articles of association of the company. The director's remuneration or director's fee will be determined by the remuneration committee of the company based on her qualifications, experience, level of responsibilities undertaken and the prevailing market conditions. According to the memorandum and articles of association of the company, Ms. Teng shall retire from office and be eligible for re-election at the next general meeting of the company.