The board of directors of Futong Technology Development Holdings Limited announced that Ms. Zhang Yun, an executive Director and the chief executive officer of the company, has resigned as an executive Director and the CEO with effect from 17 November 2017 due to Ms. Zhang's wish to focus on her other business engagements. Following Ms. Zhang's resignation as Director, she has also ceased to be a member of each of the nomination committee and remuneration committee of the Company and the authorised representative of the company. Ms. Zhang has also resigned as a director of the subsidiaries of the Company and the companies which the Company holds less than 50% equity interest, namely Futong Technology Advanced Business Service Limited with effect from 17 November 2017.

The Board announced that Mr. Zhao Wei has been appointed as the CEO with effect from 17 November 2017. Mr. Zhao joined the Group in 2003. He is the vice president of Beijing Futong Dongfang Technology Co.

Ltd. He is responsible for overseeing the day-to-day operations of the business units for system integration, system software and non-financial institutions of the Group. The Board further announced that Mr. Siu Hin Leung, Andy has resigned as the company secretary of the company, and will cease to be a company secretary of the company and an authorized representative of the company, with effect from 15 December 2017. Mr. Kong Kai Chuen Frankie has been appointed as the joint company secretary of the Company with effect from 17 November 2017.

Mr. Kong joined the Group in October 2017. He is an Associate of the Hong Kong Institute of Certified Public Accountants and a Fellow of the Chartered Association of Certified Accountants (UK). He has accumulated over 25 years' experience in accounting, auditing, corporate finance and project administration mostly from Hong Kong listed companies and multinational business conglomerates.

Mr. Chen Jian, an executive Director and the Chairman of the Board, has been appointed as the authorized representative of the Company with effect from 17 November 2017; following the resignation of Mr. Siu as a company secretary, Mr. Kong will be appointed as the authorized representative of the Company with effect from 15 December 2017.