The Board of Kingsoft Corporation Limited announced that with effect from December 1, 2016, Dr. Hong Jiang ZHANG has retired from the positions of executive Director and chief executive officer of the Company, as well as other positions in the Group due to the expiration of his tenure. After his retirement, Dr. ZHANG will continue to serve as a consultant of the Group. The Board of the Company further announced that with effect from December 1, 2016, Mr. Tao ZOU ("Mr. ZOU") has been appointed as chief executive officer of the company with a term of five years.