The board of directors of Huayi Tencent Entertainment Company Limited announced that Mr. LAU Seng Yee (‘Mr. LAU’) has resigned as an executive director of the company and the vice chairman of the board, with effect from 16 August 2018. The board announced that Mr. CHENG Wu (‘Mr. CHENG’) has been appointed as an executive director and the vice chairman of the board, with effect from 16 August 2018. Mr. CHENG Wu joined Tencent Holdings Limited in 2009. Mr. CHENG is currently an employee of Tencent. Following the resignation of Mr. LAU as the executive director of the Company and the vice chairman of the Board, Mr. LAU has ceased to be a member of the executive committee of the Board (the "Executive Committee") and the strategic committee of the Board (the "Strategic Committee"). The Board further announces that Mr. CHENG has been appointed as a member of the Executive Committee and the Strategic Committee. All of the aforementioned changes of members of the committees of the Board shall take effect from 16 August 2018.