The board of directors of Fullshare Holdings Limited announced that Mr. Wang Bo ("Mr. Wang") has tendered his resignation as an executive Director, the chairman of the environmental, social and governance committee of the Company (the "ESG Committee") and a member of the risk management committee of the Company (the "Risk Management Committee") with effect from 23 October 2019 since he needs to devote more time and dedication on the operation and expansion of the education business segment of the Group. The Board announced that Mr. Shen Chen ("Mr. Shen") has been appointed as an executive Director with effect from 23 October 2019. Mr. Shen, aged 48, joined the Group in November 2018 and was appointed as the financial controller of the Company in June 2019. The Board also announced that with effect from 23 October 2019: (i) Mr. Ji Changqun ("Mr. Ji"), the chairman and executive Director of the Company, has ceased to be a member of the Remuneration Committee; (ii) Ms. Du Wei ("Ms. Du"), the executive Director, has been re-designated from the chairman of the Risk Management Committee to a member of the Risk Management Committee, and re-designated from a member of the ESG Committee to the chairman of the ESG Committee. She has also been appointed as a member of the Remuneration Committee; and (iii) Mr. Shen has been appointed as the chairman of the Risk Management Committee and a member of the ESG Committee. The Board announced that, (i) following the resignation of Mr. Wang as an executive Director, he also ceased to be an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Listing Rules; and (ii) Mr. Shen has been appointed as the Authorised Representative under Rule 3.05 of the Listing Rules with effect from 23 October 2019.