The board of directors of Success Dragon International Holdings Limited announced that Mr. KWAN Chun Wai Roy has tendered his resignation as the chairman of the Company; an executive Director; the chief executive officer of the Company; an authorized representative of the Company with effect from 20 September 2019 due to his decision to focus his time and effort on his other business. Mr. Kwan also resigned from his positions as the chairman of the nomination committee of the Board, and as a member of the remuneration committee of the Board. Despite his resignation as an executive Director, Mr. Kwan will remain as a director of certain subsidiaries of the Company.

Following the resignation of Mr. Kwan, the Board further announced that Mr. DING Lei, an executive Director, is appointed as the Chairman and the CEO with effect from 20 September 2019. Mr. Ding is also appointed as the Authorized Representative and the Process Agent with effect from 20 September 2019. Mr. Ding will also be appointed as the chairman of the nomination committee of the Board, and as a member of the remuneration committee of the Board.

Mr. Ding, aged 29, has been appointed as an executive Director since 1 April 2018. The Board hereby also announced that Mr. CHI Dong Eun has tendered his resignation as an independent non-executive Director with effect from 20 September 2019 due to his decision to focus his time and effort on his other business. Mr. Chi also resigned from his positions as the chairman of remuneration committee of the Board and the member of each of the nomination committee and audit committee of the Board.

The Board announced that Mr. LIU Hu is appointed as an executive Director with effect from 20 September 2019. The Board announced that, with effect from 20 September 2019, Mr. DENG Yougao, an independent non-executive Director, is appointed as the chairman of remuneration committee of the Board and a member of each of the audit committee and nomination committee of the Board.