The board of directors of Orange Sky Golden Harvest Entertainment (Holdings) Limited announced that Mr. Xu Hua is appointed as the chief executive officer of the Group effective from 2 October 2019. Mr. Mao Yimin has resigned as the Executive Director of the Company and Chief Executive Officer with effect from 31 October 2019 due to change of his personal business development. He also confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation which needs to be brought to the attention of the shareholders of the Company.

Mr. Xu has extensive professional experience in the fields of corporate strategy, mergers & acquisitions, investment banking and investment management. Prior to joining the Company, Mr. Xu served as executive director with ICBC International Holdings Limited from 2017, focusing on corporate finance and capital markets business of financial services, technology, media and entertainment industries. Before that, he served as portfolio manager with Da Cheng International Asset Management Company Limited during the period of 2015 to 2017, and director with BOCOM International (Shanghai) Equity Investment Management Company Limited during the period of 2014 to 2015, focusing on investment business in financial services, technology, media and entertainment industries.