China Saite Group Company Limited has announced that Mr. Luk Chi Shing has resigned as an independent non-executive Director of the Company with effect from 5 July 2019. The company further announced that Mr. Yan Hualin has been appointed as an independent non-executive Director of the Company with effect from 8 July 2019. The company also announced that Mr. Liu Zhibo and Mr. Hua Gang have been appointed as executive Directors of the Company with effect from 8 July 2019. The Board further announces that Mr. Luk ceased to act as the chairman and a member of the Audit Committee and a member of the Remuneration Committee of the Company with effect from 5 July 2019 while Mr. Yan has been appointed as the chairman and a member of the Audit Committee and a member of the Remuneration Committee of the Company in replacement of Mr. Luk with effect from 8 July 2019. From August 2002 to February 2018, Mr. Yan worked at Nanjing Audit Institute, being engaged in teaching students in finance, accounting, financial management, auditing and other majors. From March 2004 to June 2019, Mr. Yan served as independent directors and external supervisors of seven rural commercial banks. Mr. Liu Zhibo currently serves as chairman of Shanghai Yulin Asset Management Co. Ltd. Mr. Hua Gang has been serving as deputy general manager of Jiangsu Kaimeng Investments Co. Ltd. since March 2011.