The board of directors of the Meitu, Inc. announced that KO Chun Shun Johnson has tendered his resignation as an independent non-executive director of the Company, the chairman of the remuneration committee of the Company and a member of the audit committee of the Company, with effect from January 1, 2019, in order to devote more time to focus on his other business commitments. Following the resignation of Ko and the passing away of Professor ZHANG Shoucheng on December 1, 2018, the Board announced that LAI Xiaoling will be appointed as an INED, the chairman of the Remuneration Committee and a member of the Audit Committee and ZHANG Ming will be appointed as an INED, a member of the Remuneration Committee and a member of the nomination committee of the Company with effect from January 1, 2019. Since January 2018, Lai has been a partner of Beijing Shunwei Capital Investment and Consulting company limited. Zhang is the founder, chairman and chief executive officer ("CEO") of Great Wall Club.