The board of directors (Directors) of Futong Technology Development Holdings Limited (the Company, together with its subsidiaries, the Group) announced that Mr. Chen Jian (Mr. Chen) has resigned as chief executive officer of the Company (Chief Executive Officer) with effect from 13 November 2015. After Mr. Chen's resignation as Chief Executive Officer, he will remain as chairman of the Company and an executive Director. The Board also announced that Ms. Zhang Yun (Ms. Zhang), an executive Director, has been appointed as Chief Executive Officer with effect from 13 November 2015.

Ms. Zhang, aged 45, was appointed as an executive Director and vice chairlady of the Company on 29 July 2009 and is one of the co-founders of the Group. She is also the director of Futong Technology Co. Ltd., Etong Technology Holdings Limited, Futong Technology IT Services Co.

Ltd., Futong Technology (HK) Company Limited, Futong Technology Development Holdings (HK) Limited, Futong Cloud Technology (HK) Company Limited, Futong Transcend Technology (HK) Company Limited, Beijing Futong Dongfang Technology Co. Ltd., Futong Times Technology Co. Ltd., Beijing Etong Dongfang Technology Co.

Ltd., Futong Cloud Technology Co. Ltd. and Futong Transcend Technology Co. Ltd., all of which are subsidiaries of the Company.

Ms. Zhang is responsible for the Group's operations development and daily operations, mainly focus on the distribution business and financial aspects of the Group. She has over 22 years of experience in IT industry.