The board of directors of Starlight Culture Entertainment Group Limited announced that Mr. Wang Shoulei has resigned as a non-executive Director with effect from 20 February 2020 due to his other business engagements which require more of his attention and dedication. Mr. Wang has confirmed to the Company that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that, with effect from 20 February 2020, Mr. Sang Kangqiao ("Mr. Sang") has been appointed as an executive Director and a member of the executive committee of the Company. Mr. Sang has over 19 years of experience in the securities investment industry in Hong Kong and the People's Republic of China. Mr. Sang also serves as an executive director and the chairman of the board of directors of U Banquet Group Holding Limited.