The Board of Glory Sun Financial Group Limited announced that with effect from 30 August 2019: Ms. Ye Weiqing has been appointed as the co-chairman of the Board, an executive Director and a member of each of the Investment Committee and Strategic Committee; Mr. Zhang Chi has been re-designated from executive Director to non-executive Director and appointed as a member of the Audit Committee. His membership in the Investment Committee and Strategic Committee ceased immediately upon his re-designation; and Mr. Chen Kaiben has resigned as a non-executive Director and a member of the Audit Committee. Ms. Ye graduated from South China University of Technology with a master degree in Business Administration. She has extensive experience in the areas of finance, investment and fundraising, and corporate management. She has served as a director of CSG Holding Co. Ltd. and a senior vice president of (Shenzhen Baoxin Holdings Limited). She had acted as a senior management of (Shenzhen Baoneng Investment Group Co., Ltd) and its subsidiaries from March 2000 to June 2019 and a director of Jonjee Hi-tech Industrial and Commercial Holding Co. Ltd. The Board further announces that Mr. Zhang Chi (``Mr. Zhang'') has been re-designated from executive Director to non-executive Director and appointed as a member of the audit committee (the ``Audit Committee'') of the Company with effect from 30 August 2019. Mr. Zhang's membership in each of the Investment Committee and Strategic Committee ceased immediately upon his redesignation.