Shanghai La Chapelle Fashion Co., Ltd. announced the passing of the resolutions of, among others, the appointment of Mr. Yu Qiang, an executive director and chief financial officer of the Company, as a co-president of the Company with effect from 5 June 2018, in addition to Mr. Xing Jiaxing, an executive director and the chief executive officer of the Company, the appointment of Ms. Shen Jiaming as the chief financial officer of the Company in replacement of Mr. Yu with effect from 5 June 2018, and the amendment to the articles of association of the Company at the meeting of the Board convened on 5 June 2018 (the "Meeting of the Board"), with the aim to meet the needs for the further development and operation of the Company.