The board of directors of BabyTree Group announced that Mr. MA Jiangwei has resigned as a non-executive director of the company with effect from January 20, 2020, as a result of his change of position within TAL Education Group. The board announced that Mr. WU Ying has been appointed as a non-executive director of the company with effect from January 20, 2020. Mr. WU has been appointed as a non-executive director of the company with effect from January 20, 2020 and is responsible for participating in formulating the company's corporate and business strategies. The board announced that Ms. LOU Lili has been appointed as the president of the company from January 20, 2020. Ms. LOU has been appointed as the president of the company in charge of overall business operations and implementation of the development strategies of the Group from January 20, 2020.