The board of directors of Lerado Financial Group Company Limited announced that Mr. Huang Ying Yuan ("Mr. Huang") has resigned as an executive Director and the Honorary Chairman of the Company with effect from 31 August 2017 as he would like to devote more time to his personal commitments. Mr. Huang will remain a director of certain subsidiaries of the Company. Mr. Huang confirmed that he has no disagreement with the Board and there are no circumstances related to his resignation which need to be brought to the attention of the shareholders of the Company.