Changyao Holdings announced that the company received a written “resignation” from director, deputy general manager, and board secretary Ning Luhong. Due to personal reasons, Ning Luhong resigned as a director, deputy general manager, and secretary of the board of directors of the 5th board of directors of the company. After his resignation, he did not hold any positions in the company or its subsidiaries. As of the disclosure date of this announcement, Ning Luhong did not hold shares in the company.