Smartac International Holdings Limited announced that the following changes in the directorships of the Company with effect from 1 July 2021: Mr. Yang Xin Min has resigned as the chief executive officer of the Company due to his other work arrangement. Mr. Yang will continue to act as the executive Director and the chairman of the Company; Mr. Ke Haiwei has been appointed as executive Director and re-designated from the chief operational officer to joint chief executive officer with effect from 1 July 2021. Following such re-designation, there will no longer be a position of chief operational officer in the Company until the Company finds a suitable candidate to fulfill such position. Mr. Ke will focus on the external operations and investment project management of the Group; and Mr. Wong Wai Wai has been appointed as executive Director and re-designated from the chief investment officer to joint chief executive officer with effect from 1 July 2021. Following such re-designation, there will no longer be a position of chief investment officer in the Company until the Company finds a suitable candidate to fulfill such position. Mr. Wong will focus on the internal control and investment project management of the Group. Prior to the re-designation as joint chief executive officer, Mr. Wong was the chief investment officer of the Company.