Effective January 25, 2019, Wei Tan resigned as the Chief Financial Officer of Jakroo Inc. for personal reasons. Notwithstanding her resignation as Chief Financial Officer of the Company, Ms. Tan will continue to serve as a director of the Company and a member of the Audit Committee of the Company's Board of Directors. Mr. Wang has more than 25 years of experience in tax compliance, financial reporting and business consulting. He also been serving as Chief Financial Officer of Rider Sportsfashion LLC, the Company's U.S. operating subsidiary since January 2019 and also served as a financial consultant to Jakroo US from 2011 to 2018.