The board of directors of Leyou Technologies Holdings Limited announced that Mr. LI Yang, aged 47, has been appointed as deputy chairman of the Board and an executive Director effective from 23 November 2018. Mr. LI previously acted as a deputy chairman and an executive director of China Best Group Holding Limited from September 2014 to June 2018. He was appointed as a director of Brand Marvel Worldwide Consumer Products Corporation from December 2010 to January 2016. He is currently also assuming senior executive positions in several capital investment or management companies. Mr. LI was appointed as the chairman and director of Guanghe Landscape Culture Communication Co. Ltd. from July 2015 to September 2016. He has also been an independent non-executive director of Sino Haijing Holdings Limited. With the approval and recommendation of the members of the nomination committee and remuneration committee of the Board, as well as the Board, Mr. LI will enter into a service contract with the Company as an executive Director for an initial fixed term of three years commencing from 23 November 2018, subject to retirement and re-election at the next following general meeting of the Company after his appointment and thereafter subject to retirement by rotation at least one every three years in accordance with the articles of association of the Company.