Huobi Technology issued an announcement stating that Li Shufei had resigned as the company’s executive director, joint company secretary and chief financial officer on August 10 because of his intention to develop new business. In addition, due to personal work arrangements, Wu Wenqian has also resigned as joint company secretary. In addition, Huobi Technology appointed Zhang Zhenzhen as the Group Chief Financial Officer and Wu Junhe as the company secretary. The above appointments will take effect on August 10. In addition, Lan Jianzhong will replace Li Shufei as a member of the Nomination and Corporate Governance Committee, and Liu Xi will replace Li Shufei and serve as the authorized representative together with Lan Jianzhong. Lan Jianzhong will be appointed as the agent for the service of legal proceedings in Hong Kong.