The board of directors of LEAP Holdings Group Limited announced that Mr. Cheng Yuk (Mr. Cheng) has resigned as an executive Director and Mr. Chan King Chung (Mr. Chan) has resigned as an independent non- executive Director with effect from 16 May 2019. With effect from 16 May 2019, the composition of the Board committees has been changed as, Mr. Chan has resigned as the chairman and a member of the audit committee of the Company (the "Audit Committee"), Mr. Li Zhouxin, an independent non-executive Director, has been appointed as the chairman of the Audit Committee and Mr. Jiang Guoliang, an independent non-executive Director ("Mr. Jiang"), has been appointed as a member of the Audit Committee. Mr. Chan has resigned as a member of the nomination committee of the Company (the "Nomination Committee") and Mr. Jiang has been appointed as a member of the Nomination Committee. Mr. Chan has resigned as a member of the remuneration committee of the Company (the "Remuneration Committee") and Mr. Jiang has been appointed as a member of the Remuneration Committee.