The board of directors of Futong Technology Development Holdings Limited announced that Ms. Zhang Yun, the Chairlady of the Board, has tendered her resignation from the office of the Chairlady of the Board with effect from 16 June 2017. After Ms. Zhang's resignation as Chairlady of the Board, she remains as an executive Director, Chief Executive Officer, a member of each of the Nomination Committee and Remuneration Committee of the Company.