On November 1, 2018, Yew Bio-Pharm Group, Inc. announced Ms. Nan Tian resigned as Chief Financial Officer of the Company, in order to pursue other interests and businesses. On November 1, 2018, Mr. Hui Tao resigned as independent director from the Company's Board and all other Committees of the Board of which he was a member. On November 2, 2018, the Board of Directors appointed Mr. Yuxi Xing as the new Chief Financial Officer of the Company.

From June until present, Mr. Xing was employed as Financial Director of Mudanjiang Hongtao Real Estate Development LLC. He is also a principal of Heilongjiang Lianbang Accounting LLC. On November 2, 2018, the Board of Directors appointed Mr. Yongchun Shi to serve as an independent director on the Company's Board of Directors and also to serve as a member of the Board's Compensation Committee and as a member of its Nominating and Corporate Governance Committee.

Mr. Shi is currently employed as Head of Resources and Environment Department at Heilongjiang Vocational Institute of Ecological Engineering and as Secretary General of Heilongjiang Vocational Teaching Steering Committee of Environmental Protection.