The board of directors of Leyou Technologies Holdings Limited announced that Dr. Alan Chen has been appointed as the chief operating officer of the company with effect from 22 April 2020. Dr. Chen has over 20 years of experience in the gaming and information technology industries. Between 2008 and 2016, he was a senior vice president at Perfect World Co. Ltd. During his tenure at Perfect World, Dr. Chen also served as the general manager of Perfect World (Shanghai) Ltd. in 2008 and the chief executive officer of Perfect World Entertainment Inc., the subsidiary of Perfect World in North America and Europe, between 2009 and 2016, where in the latter position he built Perfect World's business operations in the United States of America and Europe from the ground-up, and conducted mergers and acquisitions, restructurings, and IP and tax optimization programs. Dr. Chen was previously engaged as a consultant of the Company from 1 March 2019 to 31 August 2019 and from 10 February 2020 to 22 April 2020, where he was responsible for advising and assisting the Company in improving, developing, extending, maintaining and promoting the video gaming business of the Group.