The board of directors of Risecomm Group Holdings Limited announced that Mr. Zhou, Francis Bingrong (``Mr. Zhou'') has been re-designated from an executive director to a non-executive director of the Company with effect from 8 January 2019. Mr. Zhou, aged 33, was appointed as an executive director of the Company on 21 August 2018. Mr. Zhou has extensive experience in corporate finance and strategy, financial analysis and the capital markets. He started his career as an M&A Analyst with a boutique investment bank. Mr. Zhou will enter into a new letter of appointment with the Company as non-executive director for an initial term of three years commencing from 8 January 2019 until terminated either by Mr. Zhou or the Company by serving three months' notice in writing. Mr. Zhou is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on the Stock Exchange and the Articles of Association of the Company.