The board of directors of Huazhang Technology Holding Limited announced that with effect from 11 January 2019, Mr. Liang Huiqun has been appointed as an executive director of the Company. From August 1988 to December 2018, Mr. Liang worked as vice president of Time Holding Group Limited. Mr. Liang will be responsible for the financing and investing activities of the Group after his appointment as the Chief Investment Officer.