The board of directors of Kingsoft Corporation Limited announced that retirement of Dr. Hongjiang Zhang as Executive Director and Chief Executive Officer. The retirement of Dr. ZHANG will take effect from December 1, 2016. After his retirement, Dr. ZHANG will continue to serve as a consultant of the Group.

The Board announced that Mr. Tao ZOU, currently an executive Director and senior vice president of the company, has been appointed as chief executive officer of the company to replace Dr. ZHANG since the effective date of his retirement by the Board of the company, a director of Kingsoft Cloud by the board of directors of Kingsoft Cloud and a director of Cheetah by the board of directors of Cheetah. The appointments above will take effect from December 1, 2016. Mr. ZOU will continue serving as an executive director and chief executive officer of Seasun Holdings Limited.

Mr. ZOU has joined the Group for approximately twenty years and has been an executive Director of the company since August 2009. The Board announced that Mr. Yulin WANG, currently the vice president of the company and a director of Kingsoft Cloud has been appointed as senior vice president of the company by the Board of the company and as the chief executive officer of Kingsoft Cloud to replace Dr. ZHANG since the effective date of his retirement by the board of directors of Kingsoft Cloud. The appointments above will take effect from December 1, 2016.

Mr. WANG has joined the Group since January 2013 as the president of Kingsoft Cloud, being jointly responsible for the daily operation of Kingsoft Cloud with Dr. ZHANG. The Board announced that Mr. Kwok Wai Wai Kris, currently the vice president of Seasun, has been appointed as vice president of the company by the Board of the company and as the chief operating officer of Seasun by the board of directors of Seasun. Mr. KWOK has joined the Group since 2004 and has been the person-in-charge of game of the Group, JX3, and the vice president of Seasun since 2011.