The board of directors of Coolpad Group Limited announced that, with effect from 17 November 2017, Mr. Jia Yueting has resigned as the executive Director of the Company, the chairman of the Board (the Chairman) and the chairman of the nomination committee of the company (the Nomination Committee), and Mr. Liu Jiangfeng and Mr. Abulikemu Abulimiti have resigned as non-executive Directors, due to their desires to devote more time to personal commitment. The Board accepted the resignation of Mr. Jia Yueting from the positions of executive Director, the Chairman and the chairman of the Nomination Committee and the resignation of Mr. Liu Jiangfeng and Mr. Abulikemu Abulimiti from the position of non-executive Directors. The Board announced that with effect from 17 November 2017, Mr. Liu Hong, an executive Director, has been appointed as the Chairman, Mr. Chan King Chung, an independent non-executive Director, has been appointed as the chairman of the Nomination Committee, and Mr. Jiang Chao, an executive Director, has been appointed as the member of the Nomination Committee. The Board announced that with effect from 17 November 2017, Mr. Ma Lin, Mr. Wang Junmin and Mr. Yang Yongqiang have been appointed as non-executive Directors. Mr. Ma Lin joined Meizu Technology Co. Ltd. in the year of 2007 and was appointed as the vice president of research and development in the year of 2011, responsible for product research and development of the company. In the year of 2004, Mr. Wang Junmin joined Leshi Internet Information and Technology (Beijing) Corp. Currently, he serves as the vice president of Le Holdings Mr. Yang Yongqiang currently serves as CEO of UYoung Play Technology (Hainan) Co. Ltd.