Dragon Victory International Limited announced that Yu Han has tendered his resignation as Chief Executive Officer of the Company, President and chairman of the Board of Directors, effective immediately due to personal reasons. The Board has accepted Mr. Han's resignation. Mr. Han will remain as the Company's principal shareholder.

Mr. Jianjun Sun, was appointed and approved by the Board to assume the role of Chief Executive Officer, a director and chairman of the Board, as well as member of the compensation committee, effective immediately.