The board of directors of Coolpad Group Limited announces that, with effect from 5 January 2018, Mr. Zhang Wei has resigned as the executive Director, and Mr. Ma Lin, Mr. Wang Junmin and Mr. Yang Yongqiang have resigned as non-executive Directors, due to their desires to devote more time to personal commitment. Mr. Zhang Wei, Mr. Ma Lin, Mr. Wang Junmin and Mr. Yang Yongqiang have confirmed that they have no disagreement with the Board and there are no matters in relation to their resignation which should be brought to the attention of the shareholders of the Company. The Board accepted the resignation of Mr. Zhang Wei from the position of executive Director, and the resignation of Mr. Ma Lin, Mr. Wang Junmin and Mr. Yang Yongqiang from the positions of non-executive Directors.