Dahe Media Co. Ltd. announced that Ms. Lu Yin has tendered her resignation as an Executive Director and Authorised Representative with effect from the date of EGM due to personal reasons. Consequent to Ms. Lu's resignation, she also resigned as the Vice-President of the group with effect from the date of EGM.

In replacement of Ms. Lu, the Board proposed to appoint Mr. Huang Hongxing as an executive Director and Authorised Representative with effect from the date of EGM. Mr. Huang, aged 37, is currently the vice-president of Dahe Group. In replacement of Mr. Li, the Board proposed to appoint Mr. Geng Qiang as a non-executive Director with effect from the date of EGM.

Mr. Geng, aged 37, is currently the deputy secretary of the Professional Committee of County Economy of the Chinese Society of Regional Economy, the director of the China Industrial Economic Society and the Chinese Association of Quantitative Economics and a committee member of the Youth Federation of Jiangsu. The Board proposed to appoint Mr. Zhang Ge as a non-executive Director with effect from the date of EGM. Mr. Zhang, aged 43, is currently the director of Shanghai Pingyi International Trading Company Limited and Japan Pingyi International Company.

He has been engaging in the establishment and operation of international trading business for 20 years. In replacement of Mr. Liu, the Board proposed to appoint Mr. Xia Keying as a Supervisor with effect from the date of EGM. Mr. Xia joined the Group in 2015 and is currently the vice-president of the Group, responsible for the group's financial administration and investment management.

Mr. Xia has over 23 years of experience in financial administration.