The board of directors of Jingrui Holdings Limited announced that Mr. Xu Chao Hui ("Mr. Xu") has tendered his resignation (i) as the executive director and vice president of the Company, and (ii) as the authorised representative of the Company (the "Authorised Representative")with effect from 18 January 2020 to pursue other career and business development. Following the resignation of Mr. Xu, Mr. Yan Hao, the executive director, co-chairman and chief executive officer of the Company, has been appointed as the Authorised Representative with effect from 18 January 2020.