Qingdao Holdings International Limited announced that Mr. Chen Mingdong has tendered his resignation as an executive Director of the company with effect from 16 July 2019 as he would like to pursue his other career interests. Following his resignation as an executive Director, Mr. Chen ceased to be the Vice Chairman of the Company. Mr. Chen has confirmed that he does not have any disagreement with the Board and he is not aware of any matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company.