The board of directors of Smartac Group China Holdings Limited announced that Mr. Yang Wei Qing has tendered his resignation as independent non-executive Director and member of the audit committee of the company to pursue other business opportunities, both with effect from 14 November 2018. Following the resignation of Mr. Yang, the company only has two independent non-executive Directors and two members in the Audit Committee and hence the number of the independent non-executive Director and the member of the Audit Committee have fallen below the minimum number required under Rules 3.10(1) and 3.21 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.