Qutoutiao Inc. announced a change to its Board of Directors. Effective immediately on September 13, 2019, the first anniversary of Qutoutiao's listing on Nasdaq, Mr. Shaoqing Jiang ceased to be a Director, an Audit Committee member and a Compensation Committee member. Following this change, the Board's Audit Committee and Compensation Committee are now composed of independent directors only, namely Mr. Feng Li and Mr. James Jun Peng.