China Literature Limited announced that Mr. Cheng Wu has resigned from his positions as the Chief Executive Officer and the Executive Director of the Company due to the change of his personal life plan. Meanwhile, Mr. Hou Xiaonan, the President of the Company, has been appointed by the Board as the CEO, leading the Company's business operation and development, as well as the continued collaboration with business partners, including Tencent, across the industry. Mr. Cheng Wu and Mr. Hou Xiaonan joined China Literature in April 2020 as the CEO and the President, respectively.

Since then, they have led a series of initiatives to upgrade China Literature's content, platform and organization, and crystalized the Company's vision and mission under the new "China Literature Plus" strategy, setting the path for the Company's future growth. As a result, China Literature's online reading ecosystem has experienced material improvement, benefiting from its focus on high-quality content and effective anti-piracy measures. The Company has also made major breakthroughs in its IP operation businesses, by reinforcing its collaboration with upstream and downstream partners to promote the adaptation of numerous premium online literature works into other media formats including comics, animation, film, TV and web series, and games.

Notable adapted IPs include Joy of Life, My Heroic Husband, Battle Through the Heavens and Soul Land. Mr. Hou Xiaonan joined Tencent in 2003 and has held various management positions for Tencent businesses including Mobile QQ, Qzone, Tencent Open Platform, YingYongBao, Qingteng and Penguin Media Content Platform, acting as a core figure in Tencent's open ecosystem strategy. He has extensive and in-depth management experience in product operation, business model innovation, and ecosystem cooperation.

Currently, Mr. Hou Xiaonan also serves as the Vice President of the Platform and Content Group of Tencent and the Head of Tencent Animation and Comics.