The board of directors of China Dongxiang (Group) Co., Ltd. announced that Mr. Chen Johnny resigned as an independent non-executive director of the company with effect from 27 March 2019 due to his decision to devote more time to his personal commitment. The Board announced that Mr. Liu Xiaosong has been appointed as an independent non-executive director of the company with effect from 27 March 2019. Mr. Liu has diversified experience in the technology, media and telecommunications industry. Concurrent with his resignation as an independent non-executive director of the company, Mr. Chen also ceased to be the chairman of the Audit Committee and a member of each of the Remuneration Committee and the Nomination Committee of the company with effect from 27 March 2019. In replacement of Mr. Chen, (i) Mr. Chen Guogang, an independent non-executive director, a member of the Audit Committee and the chairman of the Remuneration Committee of the company, has been re-designated as the chairman of the Audit Committee and a member of the Remuneration Committee; and (ii) Mr. Liu has been appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee of the Company, all with effect from 27 March 2019.