The board of directors of Imperial Pacific International Holdings Limited announced that with effect from 15 June 2020, Ms. Xia Yuki Yu has resigned as an executive Director of the Company and ceased to be the Chairperson of the executive committee of the Board and the authorized representative. The Board also announced that with effect from 15 June 2020, Ms. Cui Limei has been appointed as an executive Director and a member of the Executive Committee of the Company. The Board also announced that, following the resignation of Ms. Xia as the Chairperson of the Executive Committee, Ms. Cui has been appointed as a member of the Executive Committee and Ms. Cui Li Jie has been appointed as the Chairperson of the Executive Committee. The Board also announced that, following the resignation of Ms. Xia as an Authorized Representative, with effect from 15 June 2020, Ms. Cui has been appointed as an Authorized Representative of the Company.