The Board announced that Mr. LIANG Jun has resigned as a non-executive Director of the Company with effect from 21 November 2017 due to his other personal commitments which require more of his dedication and time commitment. Mr. LIANG confirmed that he has no claim whatsoever against the Company for fees, compensation for loss of office, remuneration, severance payments, pension, expenses or otherwise and there is no disagreement with the Board and there is no matter relating to his resignation that need to be brought to the attention of the Shareholders or the Stock Exchange. The Board further announced that Mr. ZHANG Zhiwei has been appointed as a non-executive director of the company with effect from 21 November 2017. In November 2016, Mr. ZHANG became the President of Sales and Service Platform of LeEco O2O. Since September 2017, Mr. ZHANG has been the CEO of LeTV Zhixin and Senior Vice President of Le.com. The Board announced that Mr. LAU Siu Ki has been appointed as a member of each of the remuneration committee and nomination committee of the Board with effect from 21 November 2017.