The board of directors of Shenzhen Mingwah Aohan High Technology Corporation Limited announced that Mr. Liu Guo Fei has resigned as an executive Director, the chief executive officer of the Company, the authorised representative of the Company and the compliance officer of the Company with effect from 8 February 2018 in order to pursue his other personal and business commitment. The Board also announced that Mr. Zhang Tao, an existing executive Director, a chairman of the Board and a member of the nomination committee of the Company has been appointed as the Chief Executive Officer, the Authorised Representative and Compliance Officer with effect from 8 February 2018. Mr. Zhang, aged 37, has served as an executive Director since 11 April 2017 and the Chairman since 11 January 2018.

He has over 10 years of experience in the management of companies in the information technology industry. Before joining the Company, Mr. Zhang worked as the chairman and general manager of Beijing Fengdong Technology Limited.