The board of directors of Holly Futures Co., Ltd. announced that Mr. Zhang Ke resigned from the positions of the non-executive Director of the third term of the Board and the committee member of the risk management committee under the Board (the "Risk Management Committee") due to personal work reasons. The resignation came into effect on 26 August 2019. After Mr. Zhang's resignation from the position of committee member of the Risk Management Committee, the Risk Management Committee will comprise three Directors, one of whom, an independent non-executive Director, takes the position as chairman of the Risk Management Committee. The Company will nominate a Director and a committee member to the Risk Management Committee as soon as possible.