The board of directors of Global Digital Creations Holdings Limited announced that Mr. Li Shaofeng has tendered his resignation as the Company's executive director and chairman of the Board, chairman and member of each of the executive committee and the nomination committee and vice chairman and member of the remuneration committee of the Company with effect from 14 June 2017 due to other business engagement. The Board also announced that Mr. Xu Liang has been appointed as the Company's executive director and chairman of the Board, chairman and member of each of the executive committee and the nomination committee and vice chairman and member of the remuneration committee of the Company with effect from 14 June 2017.