Legend Holdings Corporation announced resignation from Mr. LU Zhiqiang (Mr. LU), non-executive director of the Company, that due to the fast-growing domestic and overseas businesses of China Oceanwide Holdings Group Co. Ltd., in which Mr. LU acts as the chairman of the board, Mr. LU needs to be more focused on and put more efforts into the affairs of China Oceanwide Group in the future. As such, Mr. LU has resigned as non-executive director and member of the remuneration committee of the company with effect from September 7, 2018.