The board of directors of Coolpad Group Limited announced that Mr. Liu Jiangfeng (Mr. Liu) has resigned as the chief executive officer of the company with immediate effect from 31 August 2017 as to devote more time to his other personal commitments. The board announced that Mr. Jiang Chao (Mr. Jiang), the executive director and vice chairman of the company, has been appointed as the chief executive officer of the company with immediate effect from 31 August 2017. The board also announced that each of Mr. Liu and Mr. Abulikemu Abulimiti has been re-designated from an executive Director to a non-executive Director with immediate effect from 31 August 2017.