The Board of Tianjin TEDA Biomedical Engineering Company Limited announced that, Mr. Yang Junmin has tendered his resignation as Chief Executive Officer ("CEO") of the Company with effect from 30 December 2019; and Ms. Sun Li has been appointed as new CEO of the Company with effect from 30 December 2019. The Board has appointed Ms. Sun Li ("Ms. Sun") as CEO of the Company replacing Mr. Yang with effect from 30 December 2019. Moreover, Ms. Sun is also the Chairman of the Board, an Executive Director, Chairman of the Nomination Committee, and a member of the Remuneration Committee of the Company since 20 August 2015. Ms. Sun was among the first batch of candidates obtaining the qualification of sponsor representatives from the Securities Association of China in 2004. Ms. Sun has engaged in investment banking for 15 years, with rich experience in filtering quality corporations, restructuring, counseling, initial public offering projects as well as mergers and acquisitions of listed companies.