The board of directors of Trigiant Group Limited (Company, together with its subsidiaries, the Group) announced that, with effect from 31 December 2019, Mr. Jiang Wei has resigned as an executive Director, Group chief executive officer, chairman of the corporate governance committee and member of the remuneration committee of the Board as he has reached the retirement age and has decided to retire from a full-time position. After the resignation of Mr. Jiang Wei as an executive Director and Group chief executive officer, Mr. Jiang Wei will remain as a consultant of the Group to provide advice to the Group relating to the business strategies and general development of Group. The Board would like to take this opportunity to express its sincere gratitude to Mr. Jiang Wei for his invaluable contribution to the Company during his term of service.

The Board announced that, with effect from 31 December 2019 following the resignation of Mr. Jiang Wei, Mr. Qian Lirong has been appointed as Group chief executive officer. Mr. Qian Lirong is an executive Director and the chairman of the Board and a controlling shareholder of the Company. Mr. Qian is principally responsible for the overall strategic development of the Group's operation as well as overall management of the Group.

Mr. Qian joined Jiangsu Trigiant Technology Co. Ltd. (Trigiant Technology) in November 2007. Mr. Qian is also the chairman and general manager of Trigiant Technology and a director of certain subsidiaries of the Company.

Mr. Qian is an uncle of Mr. Qian Chenhui and an uncle of Ms. Qian Liqian. The Board announced that, with effect from 31 December 2019, Mr. Qian Chenhui has been appointed as an executive Director, chairman of the corporate governance committee and member of the remuneration committee of the Board. Mr. Qian Chenhui, joined the Group in March 2011 and has been serving as the general manager of the Investment Securities Department of Trigiant Technology since January 2017 and has been promoted as the group vice general manager of the Company since March 2019.

Mr. Qian Chenhui has served as the chairman and general manager of Jiangsu Trigiant Sensing Technology Co. Ltd., a subsidiary of the Company, since June 2019. Mr. Qian Chenhui read Engineering Science at Brasenose College, University of Oxford from October 2006 and obtained a Master degree with Honour in Engineering Science from University of Oxford in June 2011.

Mr. Qian is an uncle of Mr. Qian Chenhui and Ms. Qian Liqian is a cousin of Mr. Qian Chenhui. Prior to his resignation, Mr. Qian Chenhui was as an alternate director to Mr. Qian. The Board announced that, with effect from 31 December 2019, Mr. Qian Chenhui has resigned as an alternate director to Mr. Qian, and Ms. Qian Liqian was appointed as an alternate director to Mr. Qian.

Ms. Qian Liqian has been the manager of the treasury management department of Trigiant Technology since November 2012. Ms. Qian Liqian obtained the degree of Bachelor of Business Studies with a major in Finance from Massey University, New Zealand in April 2012. Mr. Qian is an uncle of Ms. Qian Liqian and Mr. Qian Chenhui is a cousin of Ms. Qian Liqian.