The board of directors of Founder Holdings Limited announced that Mr. Cui Yun Tao resigned as an executive director of the company with effect from 4 April 2019. The reason for resignation of Mr. Cui Yun Tao is to devote more time for his commitment at Peking University Founder Group Company Limited, the substantial shareholder of the Company. At the same time, Professor Xiao Jian Guo was appointed as an executive Director with effect from 4 April 2019.