The board of directors of WEIYE HOLDINGS LIMITED announced that with effect from 19 December 2018, Mr. Ong Kian Guan ("Mr. Ong") has resigned as a lead independent non-executive Director and ceased to act as the chairman of the audit committee of the Company (the "Audit Committee"), a member of the nominating committee of the Company (the "Nominating Committee") and a member of the remuneration committee of the Company (the "Remuneration Committee"); Mr. Oh Eng Bin ("Mr. Oh") has resigned as an independent non-executive Director and ceased to act as the chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nominating Committee; Mr. Siu Man Ho Simon ("Mr. Siu") has resigned as an independent non-executive Director and ceased to act as the chairman of the Nominating Committee, a member of the Audit Committee and a member of the Remuneration Committee; Mr. Dong Xincheng ("Mr. Dong") has been re-designated from a non-executive Director to an independent non-executive Director, appointed as the chairman of the Nominating Committee, a member of the Audit Committee and a member of the Remuneration Committee; Mr. Lam Ying Hung Andy ("Mr. Lam") has been appointed as an independent non-executive Director, the chairman of Audit Committee, a member of the Nominating Committee and a member of the Remuneration Committee; and Mr. Liu Ning ("Mr. Liu") has been appointed as the lead independent non-executive Director, the chairman of Remuneration Committee, a member of the Audit Committee and a member of the Nominating Committee. Mr. Lam has been appointed as an independent non-executive Director, the chairman of the Audit Committee, a member of the Remuneration Committee and a member of the Nominating Committee with effect from 19 December 2018.