The board of directors of Vobile Group Limited announced that, according to the board meeting held on July 13, 2018, Mr. Vernon Edward Altman (Mr. Altman), a non-executive director, has been designated as the vice chairman of the Company (the Vice Chairman) effective immediately. Mr. Altman was appointed as a Director on January 1, 2017 and re-designated as a non-executive Director on June 21, 2017. He is also a member of its remuneration committee and a member of its nomination committee. Mr. Altman has over 40 years of experience in providing consulting and advisory services. Mr. Altman joined Bain & Company Inc. (Bain) in June 1973 at its founding, and retired from Bain in June 2018. Mr. Altman has been a director of Abaxis Inc. since April 2011 and its lead independent director since April 2014. The Board also announced that Mr. Xianming Zhu (Mr. Zhu) tendered his resignation as an executive Director due to his other personal pursuits. According to the board meeting held on July 13, 2018, the Board has accepted his resignation effective immediately.