The board of directors of China Smartpay Group Holdings Limited announced that Mr. Zhang Huaqiao has tendered his resignation as a non-executive Director and the chairman of the Board; and Dr. Cao Guoqi has tendered his resignation as an executive Director, the chairman of the compliance committee of the Board, the compliance officer. The Board announced that Ms. Song Qian has been appointed as an executive Director with effect from 20 January 2020. She has joined the Group since December 2017 as chief administrative officer and currently serves as the chief executive officer of the company. The company has appointed Mr. Lin Xiaofeng an existing executive Director, as the chairman of the compliance committee of the Company, with effect from 20 January 2020.