The board of directors of Huazhang Technology Holding Limited announced that Ms. Chen Jin Mei has resigned as an independent non-executive director, chairlady of the remuneration committee, member of the audit committee and the member of nomination committee of the company with effect from 2 January 2019 due to her other work commitments with require more of her dedication and time. The Board announced that with effect from 2 January 2019, Mr. Liu Chuan Jiang ("Mr. Liu") has been appointed as an executive director of the company and Mr. Heng, Keith Kai Neng ("Mr. Heng") has been appointed as an independent non-executive director of the company, chairman of the Remuneration Committee, member of the Audit Committee and member of the Nomination Committee. Mr. Liu Chuan Jiang is the deputy general manager and quality assurance director of Zhejiang Huazhang Technology Limited. Mr. Heng is currently a director of a secretarial firm.