On July 18, 2018, Dafy Holdings Limited has appointed Mr. Lu Xin as an executive director. Mr. Lu has been the chief executive officer of Shenzhen Dafy Technology Holdings Co. Ltd. since April 2016. The board announced that with effect immediately from July 18, 2018, Ms. Zhu Wenhui has resigned as an executive director. Ms. Zhu has confirmed that she has no disagreement with the Board and there is no other matter that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited in respect of her resignation.