The board of directors of HC Group Inc. announced that with effect from 4 January 2019: Mr. Zhang Yonghong (Mr. Zhang) has been appointed as the executive director and as the chief executive officer of the Company and has resigned as the co-president of the Company. Mr. Liu Xiaodong (Mr. Liu) has been re-designated from Co-President to the President of the Company. Mr. Liu Jun has resigned as Chief Executive Officer, but will continue to serve as the chairman of the Board.

Mr. Lee Wee Ong (Mr. Lee) has resigned as an Executive Director, but will continue to serve as the chief financial officer of the Company. Mr. Lee has ceased to be the Authorised Representative and Mr. Zhang has been appointed as the authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Between December 2015 to August 2018, Mr. Zhang had been the deputy president of operations and executive deputy president of Tsinghua Unigroup Limited.

Mr. Zhang served as a director of Unisplendour Corporation Limited, a company listed on the Shenzhen Stock Exchange, from April 2016 to June 2017. From November 2017 to August 2018, Mr. Zhang was also the director and a chairman of the board of directors of 500.com Limited.