7Road Holdings Limited announced that Mr. Lin Sen has tendered his resignation as the chief financial officer of the Company with effect from April 30, 2019 due to his personal reasons. Mr. Hu Min has tendered his resignation as an executive director of the Company with effect from April 30, 2019 due to his personal reasons but remains as the chief production officer of the Company. The Board further announced that Mr. Li Zhengquan has been appointed as the chief financial officer and an executive director of the Company with effect from April 30, 2019.

Mr. Li has over 12 years of experience in financial management. Mr. Li worked as the assistant director of the research center of Wuxi Municipal Government from December 2006 to June 2011. Mr. Li served as the assistant president of Guolian Securities Co.

Ltd., from July 2011 to December 2012. Mr. Li then served as the deputy general manager of Guolian Trust Co. Ltd. from January 2013 to December 2013.

He served as the director of Hua Ying Securities Co. Ltd. from April 2016 to September 2017. Mr. Li also served as the vice president and the secretary of the board of directors of Guolian Securities, from January 2014 to November 2018.

Mr. Li has been acting as a non-independent director of Cloud Live Technology Group Co. Ltd., since March 2019.