The board of directors of JNBY Design Limited announced that Ms. Wu Huating (Ms. Wu) has been appointed as chief executive officer of the company with effect from March 7, 2019. With the joining of Ms. Wu, her experience in retail, Internet and investment industries for years can be applied to the management of the company. The traditional retail industry and Internet can be integrated to promote the overall operation and development of the company. Mr. Wu Jian, the chairman of the Board and executive director of the company, resigned as Chief Executive Officer to focus more on the overall strategic development of the company. Meanwhile, he remains to pay close attention to the core business development of the company, while Ms. Li Lin, the executive director of the company, is still responsible for the management of design and research department, providing guidance for design concepts and is in charge of the product launch to market. Ms. Wu Huating has nearly 21 years of experience in the operation, management and investment of retail and Internet industries. She was a partner of Vision Knight Capital General Partners Ltd. from 2011 to 2018. Prior to joining Vision Knight Capital General Partners Ltd., Ms. Wu had been employed by Alibaba (China) Network Technology Co. Ltd. and served as senior director since 2006.