Dadi International Group Limited announced that each of Mr. Qu and Mr. Fu has resigned as an executive director of the Company with effect from the date of this announcement due to the inability to continue to perform their duties as directors of the Company in light of the Investigation. Accordingly. Mr. Fu has ceased to be the chairman of the Board, a member of the remuneration committee of the Board, the chairman of the nomination committee (the " Nomination Committee"), the compliance officer of the Company (the "Compliance Officer") under Rule 5.19 of the GEM Listing Rules and the authorised representative of the Company (the "Authorised Representative") under Rule 5.24 of the GEM Listing Rules upon his resignation.

The Board announced that following the cessation of Mr. Fu as the chairman of the Board, Mr. Wu Xiaoming ("Mr. Wu"), the executive vice chairman of the Board, the chief executive officer of the Company and an executive Director, has been appointed as the interim chairman of the Board with effect from the date of this announcement to temporarily take over the duties of the chairman of the Board. Mr. Wu Xiaoming, aged 61, is the executive vice chairman of the Board, the chief executive officer of the Company and an executive Director. Mr. Wu is experienced in financing and practice in business management, team building, corporate strategy development and implementation in large corporations.

He also has in-depth knowledge and operational experience in investments and development of large-scale projects. Mr. Wu has been appointed as the chief executive officer, an executive Director and the executive vice chairman of the Board with effect from 28 April 2016, 30 September 2016 and 3 April 2018, respectively. He is also a member of remuneration committee of the Company.

Mr. Wu holds a master degree in economics and management from the Party School of Shaanxi Provincial Committee of CPC, and is also a senior economist and engineer. The Board announced that following the cessation of Mr. Fu as the Compliance Officer, the Authorised Representative and the chairman of the Nomination Committee, Mr. Wu, an executive Director and the interim chairman of the Board, has been appointed as the Compliance Officer, the Authorised Representative and the chairman of the Nomination Committee with effect from the date of this announcement.