The board of directors of Madison Holdings Group Limited announced that with effect from 7 January 2019, Mr. ZHOU, Francis Bingrong (Mr. ZHOU), has been appointed as an executive director and the chief executive officer of the company. Mr. ZHOU, Francis Bingrong was the executive director and deputy chairman of the company from 17 April 2018 to 24 August 2018, and a senior advisor to the Board of the company from 1 October 2018 to 6 January 2019. He also served as vice president of Financial Planning & Analysis for Galaxy Entertainment Group.