The board of directors of Kong Sun Holdings Limited announced that Mr. Zeng Jianhua and Mr. Hou Yue have tendered their resignation as executive Directors with effect from 26 August 2019 in pursuit of their personal career developments. Following Mr. Zeng's resignation as an executive Director with effect from 26 August 2019, Mr. Zeng ceased to be the chairman of the Board, the chief executive officer of the Company and a member of each of the remuneration committee of the Board and the nomination committee of the Board. Mr. Jin Yanbing, an executive Director, has been appointed as the Chairman, the Chief Executive Officer and a member of each of the Remuneration Committee and the Nomination Committee with effect from 26 August 2019.

The Board announced that Mr. Jiang Hengwen has been appointed as a non-executive Director and Ms. Wu Wennan has been appointed as an independent non-executive Director, with effect from 26 August 2019. Mr. Jiang served as the managing vice president of Hunan Youjin Business Consulting Co. Ltd., the senior analyst of the fund department of RBC Global Asset Management Inc. and the manager of the investment department of Hunan Jinfan Investment (Group) Co.

Ltd. Ms. Wu served as the chief financial officer of China Mengniu Dairy Company Limited, China Huiyuan Juice Group Limited, Tenwow International Holdings Limited, the financial executive of SkyOcean Group and Zhongding Dairy Farming Co. Ltd. and the chief financial officer and the vice president of finance in AirNet Technology Inc. The Board announced that Mr. Wong Ying Kit has tendered his resignation as the company secretary of the Company with effect from 26 August 2019 in pursuit of his personal career development. Following Mr. Wong's resignation as the Company Secretary, he also ceased to be the authorised representative of the Company for the purposes of Rule 3.05 of the Listing Rules with effect from 26 August 2019.

The Board announced that Mr. Chen Cong has been appointed as the Company Secretary and the Authorised Representative with effect from 26 August 2019. Mr. Chen Cong, joined the Company in 2019 as the secretary to the Board.