The board of directors of 51 Credit Card Inc. announced that Mr. Wang Zhaocheng has tendered his resignation as an independent non-executive Director with effect from 20 June 2019 in order to dedicate more time to his other career. The Board further announces that Mr. Yang Dong has been appointed as an independent non-executive Director with effect from 20 June 2019. The biographical details of Mr. Yang are as follows: Mr. Yang is currently a professor of Renmin University of China Law School. Mr. Yang is the director of FinTech and Internet Security Research Center and a deputy president of China Securities Law Association.