The board of directors of Huazhang Technology Holding Limited announced that both Mr. Liu Chuan Jiang ("Mr. Liu") and Mr. Jin Hao ("Mr. Jin") have resigned as executive directors of the Company with effect from 7 May 2021. However, Mr. Liu and Mr. Jin will remain as senior management of the Group. Mr. Liu will remain as the deputy general manager and quality assurance director of the Group and Mr. Jin will remain as the general manager of the project contracting division of the Group. Mr. Liu and Mr. Jin's resignations is part of the Group's efforts to streamline the governance of the Group and to have better separation of responsibilities between the Board and the management of the Group.