Dragon Victory International Limited announced changes to its Board of Directors. The company announced that Mr. Hongyu Zhang was appointed by the company’s Nominating Committee and approved by the Board as the director of the company’s Board, effective immediately, to replace the departing director, Mr. Chao Fu Chen who has resigned on December 12 for personal reasons. Mr. Chen will continue to serve in his role as Chief Operating Officer in management team. The company announced that Mr. Wenbing Wang was appointed by the company’s Nominating Committee and approved by the Board as an independent director of the company’s Board, effective immediately, to replace the departing independent director, Mr. Shenghua Zheng who has resigned on December 12, 2017 for personal reasons. Mr. Wenbing Wang will also serve as the chairman of the company’s Audit Committee. The company also announced that Mr. Bo Lyu was appointed and approved by the Board as the company’s Board Secretary, effective immediately. Mr. Hongyu Zhang has served as the Director of Sales for IBM Greater China Region Business Unit. and was appointed as the evaluation director of the Export-Import Bank of China Evaluation department. Mr. Wenbing Wang has served in key roles in U.S. listed Chinese companies and prestigious financial institutions. In addition to investment banking and private equity experience at Credit Suisse First Boston (Hong Kong) Ltd., Century Investment Corporation, and Redwood Capital, Mr. Wang has served as the President and Chief Financial Officer of Fushi Copperweld Inc. Mr. Bo Lyu has a long track record most recently as an investment manager in Hailiang Group Co. Ltd. and as the board secretary of Hailiang Education Group Inc.