The board of directors of Global Digital Creations Holdings Limited announced that Mr. Chen Zheng will be re-designated from an executive Director and the chief executive officer of the company to a non-executive Director and a deputy chairman of the Board with effect from 11 December 2018 to devote more time to his other business commitments. The Board further announced that Ms. Cheng Xiaoyu, the chairman of the Board and an executive Director, will be appointed as the managing director of the Company with effect from 11 December 2018 and in such capacity, will also assume the responsibilities of the chief executive officer of the Company. Ms. Cheng will remain as the chairman and an executive Director. The Board also announced that Mr. Jin Guo Ping will be re-designated from his position as the vice president of the Company to the deputy managing director of the Company with effect from 11 December 2018. Mr. Jin will remain as an executive Director.