The board of directors of S. Culture International Holdings Limited announced that, Mr. Lin Zheming, an executive Director, will be re-designated as a non-executive Director with effect from 1 September 2019, as he wishes to devote more time to his other business engagement and study. Mr. Lin has been an executive Director since June 2017 and the chief financial officer of the Company since August 2017 prior to his re-designation as a non-executive Director. Mr. Lin will also resign as the Chief Financial Officer with effect from 31 August 2019.

The Company is currently looking for a suitable candidate as the Chief Financial Officer. Prior to such appointment, Mr. Zhu Fangming, an executive Director, will temporarily assume the role of Chief Financial Officer.