Phoenix Tree Holdings Limited announced that Ms. Lillian Jing Liu has been appointed as a director of the Company's board of directors (the "Board"), effective May 7, 2020. Ms. Lillian Jing Liu has served as Danke's chief people officer since 2019. Prior to joining Danke, Ms. Liu served as the chief human resources officer and a group vice president of SF Express from 2016 to 2019. Danke also announced that Mr. Erhai Liu has resigned from his position as a director on the Board, effective May 7, 2020. The resignation of Mr. Liu was not the result of any dispute or disagreement with the Company or the Board on any matter relating to the Company's operations, policies, or practices.