The board of directors of Q Technology (Group) Company Limited announced that Mr. Wang Jianqiang has tendered his resignation to the Company in respect of his positions as an executive Director, the chief executive officer, and an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rules") with effect from 15 December 2020 due to internal arrangement of the Group. Notwithstanding the resignation of Mr. Wang, he shall remain as a director and general manager of Kunshan Q Technology Limited, and a director of Chengdu Q Technology Limited Kunshan Q Technology International, Limited, Q Technology (Singapore) Private Limited and Kunshan Q Tech Microelectronics (India) Private Limited, each of which is a subsidiary of the Company. Notwithstanding Mr. Fan's resignation as the Chief Financial Officer of the Company, the Board announced that Mr. Fan has been appointed as an executive Director and an authorised representative of the Company as required under the Listing Rules with effect from 15 December 2020. Mr. Fan, aged 42, was appointed as the Chief Financial Officer of the Company on 8 July 2016 and was one of the joint company secretaries of the Company before his resignation on 21 November 2017. As at the date of this announcement, Mr. Fan is also a director of Kunshan QTech Ever capital Limited, Zhuhai Q Technology Limited and Shenzhen Q Technology Limited, and the chief financial officer and board secretary of Kunshan Q Technology Limited each of which is a subsidiary of the Company.