The board of directors of Loto Interactive Limited announced that with effect from January 2, 2018, Mr. Yu Min has resigned as a non-executive Director and a member of the Audit Committee of the company and the Remuneration Committee of the company. The Board announced that, with effect from January 2, 2018, Mr. Yuan Qiang has been appointed as a non-executive Director and a member of the Audit Committee and the Remuneration Committee. Mr. Yuan, aged 44, is currently the chief financial officer of 500.com Limited. Mr. Yuan was the senior vice president of finance of 500.com Limited from July 2016 to December 2017, the vice president of finance of 500.com Limited from June 2014 to July 2016 and the financial director of 500.com Limited from March 2013 to June 2014.