The board of directors of Orange Sky Golden Harvest Entertainment Limited announced that Mr. Yeung, Ho Nam is appointed as chief executive officer effective from 1 June 2020. Mr. Yeung will be responsible for the Group's overall business strategy and corporate development, financing and capital market initiatives, financial management, statutory reporting and investor relations matters. Mr. Xu Hua has resigned as the Chief Executive Officer with effect from 1 June 2020 due to his personal reasons. He also confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation which needs to be brought to the attention of the shareholders of the Company. Mr. Yeung served as an executive director in the Corporate Finance function in Standard Chartered Bank (Hong Kong) Limited from 2014, responsible for leveraged and structured debt origination for Greater China corporates.