The board of directors of SMI Holdings Group Holdings Limited announced that Mr. REN Xiaonan was appointed as an executive director of the Company with effect from 9 July 2018. Mr. REN, aged 37, has over 8 years' experience in equity investment, corporate finance and assets management. The Board of the Company announced that Mr. PAN Jen Kai has tendered his resignation as an executive director of the Company with effect from 9 July 2018.