The Board of 7Road Holdings Limited announced that, with effect from September 30, 2019, Mr. Liu Yunli (Mr. Liu) has resigned as an independent non-executive director of the Company to pursue his future career development and business opportunities. The Board further announced that, with effect from September 30, 2019, Ms. Li Yiqing (Ms. Li) has been appointed an Independent Non-Executive Director. Ms. Li Yiqing, aged 45, has substantial experience in corporate management and investment. Ms. Li has been acting as the chairwoman of Hangzhou Li Zi Cultural Technology Co. Ltd. since September 2018, a director of Hangzhou Shunwang Technology Co. Ltd., since September 2018 and the vice-chairwoman of the board of directors of the company since May 2019, the general manager and director of Chengdu Hua Qi Yun Technology Co. Ltd. since August 2018 and the chairwoman of the investment committee of Pu Ying Guo Shi (Shanghai) Equity Investment Fund Enterprise (Limited Partnership) since May 2018. The Board also announced that with effect from September 30, 2019: following the resignation of Mr. Liu as an Independent Non-Executive Director, Mr. Liu ceased to be a member of the audit committee of the Company (the Audit Committee), a member of the nomination committee of the Company (the Nomination Committee) and the chairman of the remuneration committee of the Company (the Remuneration Committee); and Ms. Li has been appointed as a member of the Audit Committee, a member of the Nomination Committee and the chairwoman of the Remuneration Committee.