Dragon Victory International Limited announced that on April 1, 2019, Ms. Han Zhang resigned as a member of the Board of Directors of the Company. Ms. Zhang also resigned as a member of the Company’s Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee, effective immediately. Ms. Zhang resigned for personal reasons and not due to any disagreements with the Company. On June 3, 2019, Ms. Jingxin Tian (“Ms. Tian”) was appointed to fill the vacancy on the Board of Directors of the Company until her successor is duly qualified and elected to succeed her at the Company’s next annual meeting or such earlier date of her resignation or removal. Ms. Tian will serve on each of the Audit Committee, Nominating and Corporate Governance Committee and Compensation Committee. Ms. Tian will be the chairperson of Nominating and Corporate Governance Committee and Compensation Committee.