The board of directors of BabyTree Group announced that Mr. SHAO Yibo has resigned as a non-executive Director and as a result of such resignation would cease to be a member of the audit committee of the Board; and Mr. LUO Rong has resigned as a non-executive Director, both with effect from March 7, 2019 to pursue other commitments. Mr. Shao is also resigning form the boards of directors of five other companies to better focus on his new commitments. The Board announced that Mr. MA Jiangwei as been appointed as a non-executive Director with effect from March 7, 2019. The Board is also announce that Mr. MA Jiangwei has been appointed as a non-executive Director with effect from March 7, 2019. Mr. Ma, aged 37, has been appointed as a non-executive director of the company with effect from March 7, 2019 and is responsible for participating in formulating the company's corporate and business strategies. Mr. Ma joined TAL Education Group, a company listed on the New York Stock Exchange (ticker symbol: TAL) and a substantial shareholder of the Company, in 2008 and has served various positions in TAL. He is currently the general manager of strategic investment department of TAL. Change in The Composition Of The Audit Committee: As a result of the resignation of Mr. Shao as a non-executive Director, he has ceased to act as a member of the Audit Committee with effect from March 7, 2019. To fill the vacancy left by Mr. Shao, the Board announced that Mr. De-chao Michael YU, an independent non-executive Director of the Company, has been appointed as a member of the Audit Committee with effect from March 7, 2019.