The Board of Directors of Eagle Ride Investment Holdings Limited announced that Mr. Dang Yin Liang has tendered his resignation as a non-executive director of the Company with effect from 7 October 2020 due to his desire to devote more time to his other business commitments and appointed Ms. Li Ye as a non-executive director of the Company, member of the audit committee, member of the remuneration committee, member of the nomination committee and member of the investment committee of the Company with effect from 7 October 2020. Ms. Li Ye was the co-founder of Vallyn Culture Group Co. Ltd. From July 2017 to August 2020 and was responsible for brand cooperation with companies in the TMT field.