The board of directors of Xinhua Winshare Publishing and Media Co., Ltd. announced that (i) Mr. He Zhiyong ("Mr. He") has tendered his resignation as an executive Director and the Chairman of the company due to advancing age; (ii) Mr. Chen Yunhua ("Mr. Chen") has tendered his resignation as an executive Director and the vice Chairman of the company due to work commitments. Both Mr. He and Mr. Chen will continue to hold their respective positions and perform their respective duties in accordance with the prevailing articles of association of the company and all relevant laws and regulations until the passing of the resolutions in relation to, among others, the appointment of the new executive Directors at the 2020 annual general meeting of the Company to be held on 21 May 2021 (the "2020 AGM").