The board of directors of XD Inc. announces that, Mr. CHEN Feng has tendered his resignation as a non-executive Director and a member of the strategy and development committee due to personal work arrangement and Mr. GAO Shaoxing ("Mr. GAO") has tendered his resignation as an independent non-executive Director, the chairman of the remuneration and appraisal committee and a member of the audit committee and the nomination committee due to personal work arrangement, both with effect from December 17, 2020. The Board announce that, Mr. LIU Wei ("Mr. LIU") has been appointed as a non-executive Director and a member of the strategy and development committee and Ms. LIU Qianli ("Ms. LIU") has been appointed as an independent non-executive Director, the chairman of the remuneration and appraisal committee and a member of the audit committee and the nomination committee, both with effect from December 17, 2020. Set out below are the biographical details of Mr. LIU and Ms. LIU: Mr. LIU Wei, aged 33, served as the supervisor of miHoYo Co. Ltd. ("miHoYo") from February 2012 to March 2012; the director and deputy general manager of miHoYo from March 2012 to October 2015; the director, deputy general manager and secretary of the board of directors of miHoYo from October 2015 to April 2016; and from April 2016 to date, Mr. LIU serves as the director, deputy general manager and president of miHoYo. Ms. LIU Qianli, aged 45, has over 17 years of experience in investment banking and corporate finance. Ms. LIU served as a senior associate in The Parthenon Group (Strategic Management Consulting) from 1997 to 2000; a vice president in TRULY CUSTOM CONSTRUCTION, INC. (E-Commerce) from 2000 to 2001; a vice president of investment banking department in Lehman Brothers in Hong Kong and an associate of investment banking department in Lehman Brothers in New York from July 2003 to June 2007; the chief financial officer of MainOne Information Technology Company Ltd., an information technology company, from June 2007 to August 2008; the chief financial officer of ChinaEdu Corp., an education services provider in China from October 2008 to November 2010; the chief financial officer of Phoenix New Media Limited, a media company listed on the New York Stock Exchange (Stock Code: FENG), from December 2010 to July 2013; an independent non-executive director of BAIOO Family Interactive Limited, a children's web game developer listed on the Main Board of The Stock Exchange of Hong Kong Limited from March 2014 to date; an independent non-executive director of Feiyu Technology International Company Ltd., a leisure mobile game developer listed on the Main Board of the Stock Exchange from November 2014 to date; and Ms. LIU serves as the Assistant Head of School, Business of Keystone Academy from 2020 to date.