The board of directors of Shineroad International Holdings Limited announced that Mr. Li Junkui has resigned as an executive Director and the chief executive officer of the company with effect from 14 January 2019, due to change of work arrangement. Mr. Li remains as general manager of (Shanghai Shineroad Food Ingredients Co. Ltd.) ("Shanghai Shineroad"), an indirectly wholly-owned subsidiary of the Company, mainly responsible for the daily operation and management of Shanghai Shineroad.

The Board also announced that Ms. Huang Xin Rong, who has been serving as a non-executive Director since 30 October 2017, has re-designated as an executive Director and the CEO and ceased to be the non-executive Director with effect from 14 January 2019.