The board of directors of Lerado Financial Group Company Limited announced that Mr. Lam Williamson has been appointed as an independent non-executive Director, a member of the audit committee of the Company, a member of the remuneration committee of the Company and a member of the nomination committee of the Company with effect from 20 July 2018 and Mr. Ye Jianxin has resigned as an independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 20 July 2018. Mr. Lam is currently an independent non-executive director of Elife Holdings Limited.