The board of directors of MOBI Development Co., Ltd. announced that Mr. Chen Zhaojun was re-designated from an executive director to a non-executive director of the company with effect from 13 July 2018. Mr. Chen, joined the Group in July 2004 and was appointed as an executive director on 26 July 2016. He is currently the executive vice-president of the company, and is responsible for the financial management of MOBI Telecommunications Technologies (Ji An) Co., Ltd. and MOBI Technologies (Xi An) Co., Ltd., both are subsidiaries of the Company.

Mr. Chen was the chief financial officer of the Company until July 2018. Mr. Chen worked as a Senior Project Manager in the Investment Department of ZTE Corporation from 2003 to 2004. The Board also announced that Mr. Chen Zhaojun resigned as the chief financial officer of the Company with effect from 13 July 2018 due to his personal commitments.

The Board is also announced that Ms. Wu Qian was appointed as the chief financial officer of the Company with effect from 13 July 2018. Ms. Wu, joined the Group in 2015 and successively held variously positions, such as manager of investment and financing, manager of investor relationship, head of securities and investment department, etc. From 2013 to 2015, she joined a joint venture of the Shell Oil as a management trainee, responsible for matters relating to supply chain.