The board of directors of Coolpad Group Limited announced that Mr. Liang Rui has been re-designated from an executive Director to a non-executive Director with immediate effect from 20 December 2020 as he wishes to devote more time to his other commitments. Mr. Liang, has been an executive Director of the Company since 19 January 2018. He was appointed as the chief executive officer of the Company on 30 August 2019. He is currently president of Shenzhen Shuibei Jewelry Group.