Koolearn Technology Holding Limited announced executive changes. the resignation of Ms. SUN Change as co-chief executive officer and her re-designation from executive Director to non-executive Director; the resignation of Mr. CHI Yufeng as independent non-executive Director; the appointment of Mr. LIN Zheying to Board as an independent non-executive Director; and certain changes to the composition of Board committees, all effective from January 20, 2020. Mr. Lin, aged 55, is an independent non-executive Director, chairman of the Remuneration Committee, and member of the Nomination Committee, with effect from 20 January 2020.

Prior to this appointment, He did not hold any positions within Group. He received his bachelor's degree majoring in planning statistics from the Shanxi College of Finance and Economics (currently known as the Shanxi University of Finance and Economics), China, in July 1987, a master's degree in business administration from the Guanghua School of Management, Peking University in China, in July 2006, and a doctoral degree in business administration from ESC Rennes School of Business, France, in June 2008. Aside from Group, he served as a director of Shenzhen Fengchao Technology Limited, from November 2016 to December 2017; and has been serving as a vice-chairperson of S.F. Holdings (Group) Co.

Ltd., since June 2014, and an executive director of Ancient Jade Capital Management Co. Ltd., since January 2011.