Sunlands Technology Group announced the appointment of Mr. Zheng Zhao to the company's Board of Directors as an independent director, effective upon June 1, 2019. Mr. Zhao will also serve as a member on the Board's audit committee, compensation committee and corporate governance and nominating committee. Mr. Zhao is currently the special assistant to the president and general manager of New Oriental Industry Funds, where he leads the company's strategic development, mergers and acquisitions and strategic collaboration efforts, as well as maintains domestic and international customer relations. Prior to that, Mr. Zhao was a senior auditor at Ernst & Young. Mr. Zhao replaces Mr. Michael Minhong Yu, who submitted his resignation as the independent director of the Company due to personal reasons, effective upon June 1, 2019. Mr. Yu will continue to serve as a special consultant to the Company after he ceases to be an independent director.