The board of directors of Greatime International Holdings Limited announced that Mr. Lam Tet Foo (Mr. Lam) has resigned as an executive Director with effect from 1 November 2018 so as to further pursue his personal interests. Ms. Tian Ying, an executive Director, the chief executive officer of the Company and an authorised representative of the Company, has been redesignated as the vice chairman of the Board and ceased to be the chief executive officer of the Company with effect from 1 November 2018. Mr. Du Shuwei (Mr. Du) has been appointed as an executive Director and the chief executive officer of the Company with effect from 1 November 2018.

Mr. Du served as a chief accountant of Tongji Hospital of Huazhong University of Science and Technology from September 2001 to September 2008 and served as the vice president from September 2008 to January 2018. Since March 2018, Mr. Du has served as the vice president of Wintime Group Co. Ltd.