The board of directors of China Goldjoy Group Limited announced that Mr. Shao Zuosheng has resigned as an executive Director and a member of each of the Strategic Committee and Investment Committee of the Company with effect from 13 July 2017 to enable him to devote more time to focus on his other endeavors. The board further announced that Mr. Zhang Chi has been appointed as an executive Director and a member of each of the Strategic Committee and Investment Committee of the Company with effect from 13 July 2017. Mr. Zhang has relevant experience in fund investment. From January 2013 to June 2013, Mr. Zhang served as an officer in the investment department in Shenzhen Sichuang Technology Development Co. Ltd.