Dowell Service Group Co. Limited announced Mr. Heng Qingda ("Mr. Heng") has tendered his resignations to the Company as an executive Director, the vice chairman of the Board, one of the co-chief executive officers of the Company, an authorised representative ("Authorised Representative") of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and a director of GSN (Shanghai) Property Management Services Company Limited a subsidiary of the Company in order to devote more time to his other commitments; and Mr. Chen Han ("Mr. Chen") has tendered his resignations to the Company as a non- executive Director and a member of the remuneration committee of the Board (the "Remuneration Committee") in order to devote more time to his other commitments (together with the resignation of Mr. Heng, the "Resignations"). Ms. Yi Lin ("Ms. Yi") shall cease to be the chairman of the Board and Ms. Luo shall be appointed as the chairman of the Board; Mr. Heng shall cease to be the vice-chairman of the Board and Mr. Zhang shall be appointed as the vice-chairman of the Board; Mr. Heng shall cease to be the Authorised Representative and Mr. Zhang shall be appointed as the Authorised Representative; Mr. Heng shall cease to be a co-chief executive officer of the Company ("Co-CEO") and Mr. Zhang shall be appointed as a Co-CEO; Ms. Yi shall cease to be a member of the audit committee of the Board ("Audit Committee") and Ms. Luo shall be appointed as a member of the Audit Committee; Mr. Chen shall cease to be a member of the Remuneration Committee and Ms. Yi shall be appointed as a member of the Remuneration Committee; and Ms. Yi shall cease to be a member and the chairman of the nomination committee of the Board ("Nomination Committee") and Ms. Luo shall be appointed as a member and the chairman of the Nomination Committee.