MEIGU Technology Holding Group Limited effective 30 June 2021 Mr. Jiang Guitang has resigned as an executive Director and a member of the remuneration committee of the Company. Mr. Cheng Dong has resigned as an executive Director, the chairman of the Board and a member of each of the nomination committee and the risk management committee of the Company; and Mr. Huang Xin has resigned as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Remuneration Committee and the audit committee of the Company (the "Audit Committee"). The company also appointed Mr. Li Yubao ("Mr. Li") has been appointed as an executive Director, the chairman of the Board and a member of the Risk Management Committee; Ms. Zhang Yaping ("Ms. Zhang") has been appointed as an executive Director, the chief executive officer and a member of each of the Remuneration Committee and the Nomination Committee; and Mr. Lee Man Tai has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of each of the Audit Committee and the Remuneration Committee.