The board of directors of Coolpad Group Limited announced that, with effect from 17 January 2019, Mr. Chen Jiajun has been appointed as an executive Director, the chief executive officer of the Company and a member of the nomination committee of the Company. Mr. Chen, aged 27, is an investor and an entrepreneur. Mr. Chen has extensive investment experience and currently has a wide variety of investments in different industry sectors.

Before joining the Group, Mr. Chen served at Shenzhen Kingkey Banner Commercial Management Ltd. as vice-president from May 2015 to May 2018 and president from May 2018 to January 2019. Mr. Chen currently also serves as a Director of USC South China Alumni Club.