The board of directors of Grandshores Technology Group Limited announced that Mr. Zou Chendong has been appointed as an executive Director and the co-chairman of the Company with effect from 4 March 2019. Mr. Zou Chendong has been a reporter of Tibet People's Radio, Tibet Television, China Central Television and China National Radio. He has also been a military reporter of Xinhua News Agency PLA Branch stationed in Tibet and a news director of Shanghai Securities News. Mr. Zou is a director of China Xinhua News Network Co., Limited since 2010. The company will enter into a service contract or a letter of appointment with Mr. Zou setting out the terms of the appointment. Mr. Zou is not appointed for a specific term and shall hold office until the next annual general meeting of the Company and shall then be eligible for re-election, and is also subject to retirement by rotation and re-election at annual general meetings in accordance with the articles of association of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.