The board of directors of China Binary New Fintech Group announced that with effect from 20 September 2019: Mr. Tang Bin has resigned as an Executive Director and ceased to be an Authorised Representative and the Compliance Officer; and Mr. Wei Zhonghua has resigned as a non-executive Director and ceased to be the Chairman and a member of the Audit Committee. Each of Mr. Tang and Mr. Wei has confirmed that (i) he has no disagreement with the Board; and (ii) there is no matter in respect of his resignation and cessation of the above-mentioned, which needs to be brought to the attention of the shareholders of the Company and the Stock Exchange. The Board announced that with effect from 20 September 2019: Ms. Xiao Ying has been appointed as an Executive Director, an Authorised Representative and the Compliance Officer; and Ms. Zhang Rong has been appointed as a non-executive Director and a member of the Audit Committee; and Mr. Sun Jiangtao has been appointed as the Chairman. Ms. Xiao served as the deputy general manager in Beijing Qiandaibao Payment Technology Ltd. from November 2008 to November 2016. Ms. Xiao rejoined the Company as the president in December 2016. Ms. Zhang Rong is currently a finance manager of Goopal Group.