China Literature Limited announced changes to its management team. Certain members of the senior management team including Mr. Wu Wenhui and Mr. Liang Xiaodong, currently the Co-Chief Executive Officers, Mr. Shang Xuesong, the President, and Mr. Lin Tingfeng, the Senior Vice President, have resigned. Mr. Wu Wenhui will be re-designated as a non-executive Director and Vice Chairman of the Board, and Mr. Liang Xiaodong and other senior management will serve as consultants to the Group, to facilitate the smooth transition and development of the management team.

Meanwhile, Mr. Cheng Wu, currently a Vice President of Tencent Holdings Limited ("Tencent") and the Chief Executive Officer of Tencent Pictures, has been appointed by the board as the Chief Executive Officer and an executive Director of China Literature; and Mr. Hou Xiaonan, the Vice President of Tencent's Platform and Content Group, has been appointed by the board as the President and an executive Director of China Literature, so as to lead China Literature towards a new stage of development through deepening the cooperation with Tencent and other industry partners.