East Buy, said that Dong Yuhui decided to leave his roles as an employee of the company and senior management of a consolidated affiliated entity of the company after amicable discussion with the Group. The departure takes effect on Thursday.

Apart from the payment to Dong of the full amount promised benefits and compensations, as a gesture of Yu Minhong and the Group’s gratitude and appreciation of Dong’s contribution, Yu Minhong, the chairman of the Board, had sought approval from the Board and the remuneration committee of the Board to distribute all remaining undistributed profits from a consolidated affiliated entity of the company which shall be disposed of by the company to Dong.