The board of directors of Leyou Technologies Holdings Limited announced that with effect from 30 June 2017: Mr. Law Kin Fat ("Mr. Law") resigned as an executive Director and Vice Chairman of the Company for pursuing his own career development; and Mr. Wang Haitong ("Mr. Wang") resigned as Chief Executive Officer of the Company. The Board also announced that Mr. Xu Yiran ("Mr. Xu") has been appointed as an executive Director and Chief Executive Officer of the Company with effect from 30 June 2017. Mr. Xu served as Senior Vice President and Chief Business Officer at Perfect World Co.

Ltd. from 2010 to 2015 and president of game business at Qihoo 360 Technology Co. Ltd. from 2015 to 2017 respectively. He is currently an independent non-executive director of SNK Corporation.