The board of directors of Culturecom Holdings Limited announced that Mr. Lai Qiang (Mr. Lai) has tendered his resignation as an Independent Non-executive Director of the Company with effect from 31 January 2019 due to his own career development. On the same day, he has also resigned as the chairman of Audit Committee, the member of Remuneration Committee and Nomination Committee of the Company. Following the resignation of Mr. Lai, Mr. Wong Kwan Kit, an Independent Non-executive Director and also a member of the Audit Committee of the Company, has been appointed as the chairman of the Audit Committee and the member of the Remuneration Committee and Nomination Committee of the Company with effect from 31 January 2019. Mr. Mung Yat Lik, an Independent Non-executive Director of the Company, has been appointed as a member of Audit Committee of the Company with effect from 31 January 2019.