Jian ePayment Systems Limited dated 17 May 2019 in relation to among other things, the retirement of Mr. Guo Shi Zhan and the appointment of Dr. Wu Min. The Company would like to clarify that the effective date of Dr. Wu's appointment as an independent non-executive Director and as a member of each of the Audit Committee, Nomination Committee and Remuneration Committee will be upon completion of the Acquisition. Effective the date of this announcement, Mr. Huang Zhang Hui, who is currently a non- executive Director of the Company, has been appointed as a member of each of the Audit Committee, Nomination Committee and Remuneration Committee.