The board of SFund International Holdings Limited announced the following changes with effect from 15 January 2019: the resignation of Mr. Jia Bowei as an Executive Director, the Chairman of the Board and the member of Compliance Committee of the company; the resignation of Mr. Wong Nga Leung as an Executive Director and the member of Compliance Committee of the company; the appointment of Mr. Li Qing as an Executive Director and the Chairman of the Board of the company; and the appointment of Ms. Wang Mengsu as an Executive Director of the company. Mr. Li Qing is currently the chairman of the board and director of SFund International Investment Fund Management Limited and an executive director of Magnus Concordia Group Limited. He is also a director of certain subsidiaries of the company. Ms. Wang Mengsu is currently the assistant general manager and investment director of SFund International Investment Fund Management Limited. She is also a director of certain subsidiaries of the company.