On November 29, 2019, the Board of China VTV Ltd. appointed Mr. Bing Liu as a member of the Board and the Company's Chief Technology Officer (CTO"), Ms. Gehui Xu and Mr. Chi-Chung Cheng as members of the Board, effective immediately. Each of Mr. Bing Liu, Ms. Gehui Xu and Mr. Chi-Chung Cheng serves as a member of the Board until the next annual shareholder meeting and until his or her successor shall be duly elected and qualified or his or her early resignation. Mr. Bing Liu, 60 years old, is the founder and Chief Executive Officer of CybEye Inc., which was incorporated in October 2011. Ms. Gehui Xu, 51 years old, was a well-known television hostess at China Central Television Station from 1991 until 1995 and started her career as a television hostess at Hong Kong Phoenix Television Station in 1996. Mr. Chi-Chung Cheng, 53 years old, has been a director of ETtoday Dongsen News Cloud Co. Ltd. since 2018. From 2011 to 2018, Mr. Chi-Chung Cheng was the Chairman, Chief Executive Officer and a director of SMI Holdings Group Limited.