The board of directors of Beijing Digital Telecom Co., Ltd. announced that Mr. Bian Yongzhuang has tendered his resignation as independent non-executive director, chairman of Remuneration and Assessment Committee and a member of Audit Committee and Nomination Committee of the Company due to personal development reason with effect from the conclusion of the 2018 annual general meeting of the Company (AGM). Given that the resignation of Mr. Bian Yongzhuang from the aforesaid positions will cause: (1) non-compliance with relevant provisions under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the articles of association of the Company relating to the number of independent non-executive directors; and (2) non-compliance with the requirements under the Listing Rules and relevant terms of reference of the Company relating to the number and composition of the members of the Remuneration and Assessment Committee, Audit Committee and Nomination Committee of the Company, in order to ensure that the operation of the Board is in compliance with the Articles of Association and relevant regulations, Mr. Bian Yongzhuang will continue to perform his duties as independent non-executive director, chairman of Remuneration and Assessment Committee and a member of Audit Committee and Nomination Committee of the Company until a new director is appointed at the AGM. The Board proposed to elect Mr. Lv Pingbo as independent non-executive director of the Company and to replace Mr. Bian Yongzhuang as chairman of Remuneration and Assessment Committee and a member of Audit Committee and Nomination Committee of the Company. Mr. Lv Pingbo (pen name Shui Pi), aged 54, is a well-known financial columnist. Mr. Lv Pingbo was the director of the editorial department and deputy editor-in-chief of the China Business Times from July 1989 to March 2007. Since April 2007, Mr. Lv Pingbo has served as a director of Beijing Huaxia Shibao Media Ad Co., Ltd. Mr. Lv Pingbo will perform his duties as independent non-executive director of the Company with effect from the date of approval by the AGM and will replace Mr. Bian Yongzhuang as chairman of Remuneration and Assessment Committee and a member of Audit Committee and Nomination Committee of the Company. Mr. Lv Pingbo's term of office will end at the expiry of the term of office of the third session of the Board.