The board of directors of Starlight Culture Entertainment Group Limited announced that Mr. Li Haitian has resigned as an executive Director due to his other business engagements which require more of his attention and dedication; and each of Mr. Kong Chi Mo and Mr. Hong Tao has resigned as an independent non-executive Director due to his other business engagements which require more of his attention and dedication, with effect from 14 May 2019. Each of Mr. Li, Mr. Kong and Mr. Hong has confirmed to the Company that he has no disagreement with the Board and there is no other matter relating to his resignation that need to be brought to the attention of the Shareholders of the Company or the Stock Exchange. The Board announced that, with effect from 14 May 2019, (i) Mr. Fang Jun has been appointed as an executive Director and chairman of the Board; and (ii) each of Mr. Ma Runsheng and Mr. Wong Wai Hung has been appointed as an independent non-executive Director. Mr. Fang has many years of experiences working in the corporate finance and film investment industry. Mr. Ma is a first-class director and television producer of China Central Television under the National Radio and Television Administration of the PRC. He is visiting professor at Communication University of China since 2006. Mr. Wong was Vice President (Senior Economist) of Beijing East Linden Science & Technology Co. Ltd. from January 2009 to December 2014, and currently serves as its supervisor. Mr. Wong has over 25 years of experience in business investment and management. The Board announced that, with effect from 14 May 2019, Mr. Gao Qun has resigned as the chairman of the Board, and Mr. Fang, an executive Director, has been appointed as the chairman of the Board. Mr. Gao remains as an executive Director of the company. The Board also announced that, with effect from 14 May 2019. Mr. Li has resigned as a member of each of the executive committee, anti-money laundering committee, credit committee and investment steering committee; each of Mr. Kong and Mr. Hong has resigned as a member of each of the audit committee, remuneration committee, anti-money laundering committee and investment steering committee; Mr. Fang has been appointed as a member of each of the remuneration committee, nomination committee, executive committee, credit committee, anti-money laundering committee and investment steering committee; and each of Mr. Ma and Mr. Wong has been appointed as a member of each of the audit committee, remuneration committee, anti-money laundering committee and investment steering committee.