The board of directors of Pacific Online Limited announced that Ms. Zhang Cong Min has resigned as an executive director of the Company but remains as the chief operating officer of the Company with effect from 28 December 2018 as she wishes to focus on her other business engagements. Ms. Zhang has also ceased to act as a member of the Executive Committee of the Company with effect from 28 December 2018. Ms. Zhang has confirmed to the Board that she has no disagreement with the Board and there is no other matter in respect of her resignation that needs to be brought to the attention of the shareholders of the Company.