Chinese Ruilin: Chairman Zhang Xiaobo resigned due to age reasons.

China Ruilin Announcement: The company's board of directors recently received the resignation report from Chairman Zhang Xiaobo due to age reasons. Zhang Xiaobo resigned from the positions of director, chairman of the third session of the board of directors, and various committee members. Zhang Xiaobo has been the chairman since 2007 and has made important contributions to the company's development. He holds 1.23 million shares of the company, which will be managed according to regulatory requirements after leaving office. The company's board of directors will soon elect new directors and a new chairman.