The board of directors of Blockchain Group Company Limited announced that Mr. Choi Wing Toon ("Mr. Choi") and Mr. Chen Wenfang ("Mr. Chen") have tendered their resignations as the executive Directors due to other business commitments, Mr. Wang Qidong ("Mr. Wang") has tendered his resignation as an independent non-executive Director and the chairman of each of the audit committee (the "Audit Committee"), the remuneration committee (the "Remuneration Committee") and the nomination committee (the "Nomination Committee") of the Company due to other business commitments and Mr. Tham Wan Loong, Jerome ("Mr. Tham") has tendered his resignation as an independent non-executive Director and a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee due to other business commitments, all with effect from 15 November 2018. The board announced that Mr. Liu Yong ("Mr. Liu") has been appointed as an executive Director and the joint chairman of the Board (the "Joint Chairman"), Mr. Guan Shaofeng ("Mr. Guan") and Mr. Sun Zhe ("Mr. Sun") have been appointed as the executive Directors, Ms. Ling Qin ("Ms. Ling") has been appointed as the non-executive Director, Mr. Huang Jianwei ("Mr. Huang"), Mr. Dai Rongchang ("Mr. Dai") and Ms. Xu Liqin ("Ms. Xu") have been appointed as the independent non-executive Directors, all with effect from 15 November 2018. Mr. Liu is a practical and revolutionary strategy maker and executor. Mr. Liu is currently the managing director of China Blockchain Research Center (Shenzhen), the vice president of China Smart City Investment Alliance Agreement and the executive director of Hong Kong wei bo chian. Mr. Guan is currently a partner of Shanghai Hongfeng Investment Management Co. Ltd. Mr. Sun has served as the chief financial officer of Hongyi Capital Group. Ms. Ling Qin is a member of the Hong Kong Institute of Chartered Secretaries. She has served as the company secretary of the board of A-share listed companies for exceeding 10 years. She served as the deputy director in the Board Secretary Special Committee of the Listed Companies Association of Guangdong. Mr. Huang was an independent non-executive Director of Mayer Holdings Limited from 12 March 2015 to 19 April 2016. Mr. Dai is currently a director of Lansus Technologies Inc. Ms. Xu is a certified mergers and acquisitions dealmaker of China Mergers & Acquisitions Association. She is also a managing director of the China Mergers & Acquisitions Association (Hong Kong). The Board further announced that following the resignation of Mr. Wang and Mr. Tham, Dr. Li Mow Ming Sonny ("Dr. Li"), an existing independent non-executive Director has been appointed as the chairman of the Audit Committee and the Remuneration Committee, Mr. Huang has been appointed as the chairman of the Nomination Committee and a member of the Audit Committee and the Remuneration Committee and Mr. Dai has been appointed as a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee, all with effect from 15 November 2018. Upon the resignation of Mr. Choi as the Director, he ceased to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Authorised Representative") and the authorised representative for accepting service of process or notice in Hong Kong under the Companies Ordinance (Cap. 622 of the Laws of Hong Kong) (the "Process Agent") of the Company. The Company has appointed Mr. Cai Zhenrong, an existing executive Director and the Joint Chairman, as the Authorised Representative and remains as the existing Process Agent, with effect from 15 November 2018.