Coolpad Group Limited announced that Mr. Xu Yibo ("Mr. Xu") has been re-designated from an executive Director to a non-executive Director with immediate effect from 8 October 2021 as he wishes to devote more time to his other commitments. Mr. Xu, aged 46, has been an executive Director of the Company since 29 October 2019. Mr. Xu joined the Group in July 1998 and has more than 15 years of experience in mobile communication, terminal security, cloud computing and mega data technology field, making contribution in standard work in more than 10 international and domestic standards organizations, such as 3GPP, IETF, IEEE, IMI-2020(5G) Promotion Group. As at the date of this announcement, Mr. Xu is the director of eight subsidiaries of the Company and the general manager of four subsidiaries of the Company. The Board also announced that, with effect from 8 October 2021, Mr. Qin Tao has been appointed as the senior vice president of the Group. Mr. Qin has been appointed as the senior vice president of the Group and chief of staff of the strategy department, responsible for the daily operation and management of the Group. Mr. Qin has over 10 years of experience in the operation and management in the mobile Internet industry and he is experienced at strategy innovation and organization and implementation. Prior to joining the Group, he served as the general manager of the channel innovation department at Xiaomi Corporation (a company listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with stock code 1810) from October 2016 to August 2019, responsible for planning and implementing channel upgrading strategies for Xiaomi. Later, he took part in the establishment of Group's strategy department with deep presence in the Group' s strategy planning, channel governance, strategy innovation and management improvement and other projects. Prior to joining Xiaomi, he founded a mobile Internet company from June 2009 to September 2016 and acted as its chief executive officer, leading the company to develop various products that served hundreds of millions users, which has realized the mutual benefits between user value and commercial value in a harmonious manner.