The board of directors of Shanghai Dasheng Agriculture Finance Technology Co., Ltd. announced that Mr. Mo Luojiang (Mr. Mo) has resigned from his position as an executive director, chief executive officer, compliance officer, authorised representative of the Company and chairman of the nomination committee of the Board with effect from 27 December 2018 to pursue his other career development. Following the resignation of Mr. Mo as the chief executive officer, Mr. Qian Di ("Mr. Qian"), the financial controller of the Company and its subsidiaries (the "Group") and the vice president of the Company, will perform the duties of the chief executive officer for the time being. Mr. Qian has been appointed as the acting chief executive officer of the Company with effect from 27 December 2018.

Mr. Qian is expected to enter into a separate service contract with the Company for his role as the acting chief executive officer of the Company. Mr. Qian Di, aged 37, has served as the financial controller of the Group and the vice president of the Company since August 2014 and August 2016, respectively. He is a member of Chinese Institute of Certified Public Accountants and passed the qualification programme of the HKICPA.

Mr. Qian has over 10 years of experience in accounting and auditing. Prior to joining the Company, Mr. Qian worked in KPMG Huazhen (Special General Partnership) Shanghai Office from August 2006 to August 2014 and was an audit manager when he resigned. Following the resignation of Mr. Mo as an executive director, he ceased to be the chairman of the nomination committee of the Board and the authorised representative of the Company.

The Board announced that Mr. Lan Huasheng (Mr. Lan) has been appointed as the chairman of the nomination committee of the Board and the authorised representative of the Company in place of Mr. Mo with effect from 27 December 2018.