The board of directors of Coolpad Group Limited announced that Mr. Leung Siu Kee has tendered his resignation as an executive director, the company secretary of the company and an authorized representative of the company pursuant to Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 29 October 2019 as Mr. Leung would like to devote more time to his other personal commitments. The board announced that, with effect from 29 October 2019, Mr. Ma Fei (Mr. Ma) and Mr. Xu Yibo (Mr. Xu) have been appointed as executive Directors, and Mr. Guo Jinghui (Mr. Guo) has been appointed as an independent non-executive Director. Mr. Ma is the chief financial officer of the Group. Mr. Xu is the chief operating officer and an executive vice president of the Group and is responsible for R&D system supply chain of the company. Following the resignation of Mr. Leung as the company secretary, the board announced that Mr. Ma and Mr. Tsang Hing Bun (Mr. Tsang) have been appointed as joint company secretaries of the company with effect from 29 October 2019. The Board announced that Mr. Ma and Mr. Tsang have been appointed as authorized representatives with effect from 29 October 2019.