The board of directors of Powerleader Science & Technology Group Limited announced that Mr. Ma Zhumao tendered his resignation as an executive director and Vice President of the Company with effect from 6 December 2017 as he will focus on developing Cloud Infrastructure as a Service businesses. Mr. Ma has also ceased to be the company's authorised representative after his resignation as a director of the company. Mr. Ma has confirmed to the Board that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the Stock Exchange and the shareholders of the company. The Board announced that Ms. Zhang Yunxia, an executive Director, has been appointed to fill the position as the Company's authorised representative with effect from 6 December 2017. The Board also announced that Mr. Xu Yueming tendered his resignation as a non-executive Director with effect from 6 December 2017 due to job reassignment. Mr. Xu has confirmed to the Board that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the Stock Exchange and the Shareholders.