The board of directors of Alibaba Pictures Group Limited announced that with effect from January 17, 2020, Ms. Zhang Yu has resigned as non-executive Director due to job re-assignment. The Board announced that with effect from January 17, 2020, Mr. Xu Hong has been appointed as non-executive Director. Mr. Xu, is currently the vice president of finance at Alibaba Group. Prior to joining Alibaba Group, Mr. Xu worked at PricewaterhouseCoopers and became a partner in July 2007.