Liuyao Group announced on January 18 that the board of directors of the company recently received a written resignation report submitted by Chen Hong, the company's director and vice president. Chen Hong applied to resign as the company's vice president due to a job change. After his resignation, he still held the position of company director. According to the “Company Law”, “Articles of Association” and other relevant regulations, Chen Hong's resignation report took effect on the day it was delivered to the company's board of directors. As of the date of this announcement, Chen Hong held 2.7781 million shares of the company, and there are no promises that should have been fulfilled but not fulfilled. Based on the nomination of the company's president and reviewed by the board nomination committee, it was agreed to appoint Liang Zhen as the company's vice president. The term of office begins on the date of review and approval by the board of directors and ends on the date the term of the fifth board of directors of the company expires.