The board of directors of Loco Hong Kong Holdings Limited announced that Mr. Zhu Hongguang resigned as the chairman of the Board with effect from 11 January 2019 as he wishes to devote more time to his other personal commitments. Mr. Zhu has confirmed that he has no disagreement with the Board and there is nothing relating to his resignation that needs to be brought to the attention to the shareholders of the Company. Following the resignation of Mr. Zhu, he remains as an executive Director of the company. The Board further announces that Mr. Wang Wendong, deputy chairman of the Board and chief executive officer of the company, was appointed as chairman of the Board with effect from 11 January 2019.