Changhong Jiahua Holdings Limited announced resignation of Chairman of the Board, Executive Directors and Chairman of the Nomination Committee with effect from April 8, 2021, due to their other business commitments, Mr. Zhao Yong has resigned as the chairman of the Board, executive Director and the chairman of the Nomination Committee, and Mr. Yang Jun has resigned as executive Director. The company also announced appointment of the Chairman of the Board and the Chairman of the Nomination Committee with effect from April 8, 2021, Mr. Zhu Jianqiu been appointed as the chairman of the Board and the chairman of the Nomination Committee. Mr. Zhu Jianqiu, aged 58, joined the company as an executive Director and the president of the Company in April 2013. Mr. Zhu is responsible for the overall operation and management of the Group. Mr. Zhu is also the director and chief executive officer of each of the following subsidiaries of the Company, namely Sichuan Changhong IT Information Products Company Limited, Sichuan Changhong IT Digital Technology Co. Ltd., Beijing Changhong IT Intelligence System Co. Ltd. and Sichuan Changhong IT Duolayouhuo E-Commerce Co. Ltd., the chairman of Sichuan Changhong Cloud Computing Company Limited and PT. Changhong Jiahua Information Technology Indonesia, executive director of Changhong (Hong Kong) Enterprises Limited, Sufficient Value Group Limited and Wide Miracle Limited. He obtained a Doctoral Degree in Economics from Renmin University and Bachelor Degree in 1984 from Northeast University in the PRC and has more than 23 years of experience in information technology industry management. Following the appointment as the chairman of the Board and the chairman of the Nominating Committee, the existing service contract entered into between Mr. Zhu and the Company will remain effective.