Grandshores Technology Group Limited announced that Mr. Li Wei has been appointed as the co-chief executive officer of the Company with effect from September 15, 2020. Mr. Li will be principally responsible for the development of live interactive e-commerce related projects of the Group, and the expansion of franchise communities and Multi-channel Network ("MCN") organizations. Mr. Li will enter into a service contract or an appointment letter with the Company, and his remuneration will be determined by the Board with reference to his qualifications, experience, duties and responsibilities, the prevailing market conditions and the recommendation from the remuneration committee of the Company. design) from 2010 to 2012. Mr. Li is one of the founders of certain e-commence platforms including ShowJoy.com, Talent's and Daka. Mr. Li has been a guest professor at the Arts College of Jinan University since September 2019.