Zhejiang New Century Hotel Management Co., Ltd. announced that at the AGM held on May 20, 2020, approved the election of Mr. Zhou Rong as a non-executive Director, the term of office will be three years commencing from the date of AGM and to authorise the Board to fix the Directors' remuneration. And approved the election of Mr. Xie Bingwu as a non-executive Director, the term of office will be three years commencing from the date of AGM and to authorise the Board to fix the Directors' remuneration.