The board of directors of Tingyi (Cayman Islands) Holding Corp. announced that Mr. Wei Ing-Chou ('Mr. Wei') has resigned as an executive Director and the chairman of the Board due to retirement, with effect from 1 January 2019. After Mr. Wei's resignation and with effect from 1 January 2019, he will act as a senior consultant of the Company to advise on the overall strategic planning and business development of the Group. The Board announce that Mr. Wei Hong-Ming, an executive Director, has been appointed as the chairman of the Board in place of Mr. Wei and a member of the Committee, with effect from 1 January 2019. The Board announced that Mr. Wei Hong-Chen has been appointed as an executive Director with effect from 1 January 2019. Mr. Wei worked at Blackstone's New York office and the headquarter of PepsiCo. He has been appointed as a director of KSF Beverage Holding Co. Ltd.