The board of directors of S. Culture International Holdings Limited announced that Mr. Zhu Fangming has resigned as an executive Director, the chief financial officer and an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited with effect from 30 June 2020, as he desires to devote more time to other business commitments. The Board announced that Mr. Lai Wenjing has been appointed as an executive Director the CFO and the Authorised Representative with effect from 30 June 2020. Mr. Lai is currently the vice president of Shang Ying Holdings Group Limited.