Zheng Li Holdings Limited board announced that Mr. Kelvin LIM has tendered his resignation as a co-chairman of the Board, the chief executive officer and an executive director of the company; Mr. YAN Jianqiang has been appointed as a co-chairman of the Board and the chief executive officer of the company; Mr. Kelvin LIM has tendered his resignation as a member of each of the remuneration committee, the nomination committee and the risk management committee, while Mr. YAN Jianqiang has been appointed as a member of each of the remuneration committee, the nomination committee and the risk management committee. The changes of Directors and composition of each committee all take effect from 30 November 2018. Mr. Yan as a co-chairman of the Board will be the responsible person providing leadership to and overseeing the management of the Board, and performing the role of the chairman for the purposes of the articles of association of the Company, the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") and the corporate governance code set out in Appendix 15 of the GEM Listing Rules.