The board of directors of Legend Strategy International Holdings Group Company Limited announces that Mr. Chen Wu (Mr. Chen) has been appointed as an executive Director and Chief Executive Officer of the Company (Chief Executive Officer) with effect from 20 March 2020. Mr. Chen has entered into a service contract with the Company for a term of three years with effect from 20 March 2020 and is subject to retirement from office and re-election at the next general meeting of the Company and retirement and re-election in accordance with the articles of association of the Company. Mr. Chen, aged 54, graduated with a bachelor degree in applied mathematics from Huazhong Polytechnic University in 1987 and graduated from the postgraduate programme in economics management engineering from Huazhong Polytechnic University in 1989.

The Board announced that Mr. Hu Xinglong (Mr. Hu) has ceased to act as an authorized representative of the Company with effect from 20 March 2020. Following the cessation Mr. Hu, Mr. Chen has been appointed as an Authorized Representative and a Process Agent with effect from 20 March 2020.