The board of directors of China East Education Holdings Limited announced that Mr. Xiao Guoqing, currently an executive director of the Company, has been appointed as the deputy chairman of the Board with effect from 11 December 2019. Mr. Xiao remains as an executive director of the Company. Mr. Xiao was appointed as an executive director of the Company on 25 November 2018, and is responsible for business management and providing opinion and judgement to the Board. Mr. Xiao served as the vice chairman of the board and vice general manager of Anhui Xinhua Group Investment Co. Ltd. from September 1999 to December 2008. He served as the chairman of the board and the general manager of Anhui Xinhua Education Group Co. Ltd. from March 2004 to February 2008 and has been the vice chairman of the board since then.