The Board of Modern Media Holdings Limited announced that Mr. Jiang Nanchun ("Mr. Jiang") did not offer himself for re-election due to his other business engagement, he retired as an independent non-executive Director of the Company and ceased to be a member of each of the audit committee ("Audit Committee"), the nomination committee ("Nomination Committee") and the remuneration committee ("Remuneration Committee") of the Board with effect from the conclusion of the Annual General Meeting held on May 29, 2019. The Board also announces that, upon the retirement of Mr. Jiang and with effect from the conclusion of the Annual General Meeting: Dr. Gao Hao ("Dr. Gao"), an independent non-executive Director, has been appointed as a member of the Nomination Committee; and Mr. Wang Shi ("Mr. Wang"), an independent non-executive Director, has been appointed as a member of the Remuneration Committee.