The board of directors of Wisdom Sports Group announced that Mr. Sheng Jie has been appointed as an executive director of the company and vice chairman of the Board with effect from 2 January 2019. Mr. Sheng Jie, aged 42, is one of the co-founders of the Group. He was previously appointed as an executive director of the Company on 21 March 2012 and was re-elected on 16 December 2013. He had resigned from his directorship on 26 August 2016 and left the Group in order to serve as the vice chairman of Shenzhen Zhimei Investment Co. Ltd. On July 2018, he rejoined the Group as one of the senior vice-presidents of the Group. He was one of the Company's joint company secretaries and was also a member of the Company's remuneration committee. Mr. Sheng has over 16 years of experience in the marketing communications industry, sports industry communications as well as experience in the corporate finance and capital markets sector. The Board announced that Mr. Zhang Han has resigned as an executive director, vice chairman of the Board and vice president of the Group with effect from 2 January 2019 due to health reasons.