The board of directors of Ping An Healthcare and Technology Company Limited announced the following changes. Due to personal reasons of Mr. Wang Tao, the Board has decided he should no longer hold the positions of chairman of the Board (the "Chairman"), executive Director and chief executive officer of the Company (the "CEO") and to remove Mr. Wang Tao from the above positions with effect from May 15, 2020. Mr. Wang Tao also ceased to act as an authorized representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Authorized Representative").

As determined by the Board, Ms. Lin Yuan was removed from the position of joint company secretary with effect from May 15, 2020. Thereafter, Ms. Chen Chun will become the Company's sole company secretary.