The board of directors of Chanjet Information Technology Company Limited announced that Mr. Zeng Zhiyong has resigned as an executive director of the Company and the vice chairman of the Board with effect from 10 July 2019 in order to devote more time to handle other matters. The resignation of Mr. Zeng as an executive director of the company and the vice chairman of the Board will render the company unable to fulfill the requirements of Article 132 of the Articles of Association. However, the resignation of Mr. Zeng will not result in the number of members of the Board falling below the statutory quorum under the Company Law of the People's Republic of China (the "PRC") and will not affect the operation of the Board in accordance with the relevant laws and regulations of the PRC.