The board of Wisdom Sports Group announced that Mr. Wei Kevin Cheng has resigned as an independent non-executive director in order to focus on other personal affairs, and ceased to be the chairman of the audit committee and a member of the remuneration committee of the board with effect from 15 February 2018. The Board announced, Mr. Chen Zhijian is appointed as an independent non-executive Director, the chairman of the Audit Committee and a member of the Remuneration Committee with effect from 15 February 2018. Mr. Chen Zhijian has been a partner of Shanghai Certified Public Accountants since 2015.