Dragon Victory International Limited Announces Chairman and CEO Change

HANGZHOU, China, Oct. 14, 2019 (GLOBE NEWSWIRE) — Dragon Victory International Limited (Nasdaq: LYL) (the “Company”) today announced that Mr. Limin Liu (“Mr. Liu”) had taken over the roles as Chairman of the Board and CEO of the Company, effective August 21, 2019, succeeding Mr. Jianjun Sun (“Mr. Sun”). Mr. Sun resigned for personal reasons and not due to any disagreements with the Company.

On August 20, 2019, the Board received the resignation of Mr. Hongyu Zhang as a director of Company, effective immediately. Mr. Zhang resigned for personal reasons and not due to any disagreements with the Company. Mr. Wei Wang (“Mr. Wang”) was appointed to fill the vacancy and serve as a director of the Company, effective August 21, 2019.

Mr. Liu has extensive experience in many industries, including investing, financing, and innovative high technology sectors. From July 2014 to June 2019, Mr. Liu served as the Global Lead of Financial Service Industry of Huawei Technologies Co., Ltd. From 2006 to 2014, Mr. Liu served as the Vice President for sales and technology of Beijing Futong Dongfang Technology Co., Ltd. From 1994 to 2006, Mr. Liu worked at IBM China as Director of Sales. Mr. Liu received his Bachelor Degree of Electrical Engineering from Zhejiang University in 1993.

Mr. Wang has served as the general manager of Zhejiang Getai Curtain Wall Decoration Engineering Co., Ltd. since January 2014. From February 1991 to December 2013, Mr. Wang worked in the Fire Department of Hangzhou City. Mr. Wang received a bachelor’s degree in business management from Party School of the Central Committee of C.P.C. in 2000.

We believe that Mr. Liu will bring exciting opportunities and vitalities to the Company. With his high-tech background and expertise in financial service industry, Mr. Liu will lead the Company to further growth and development in the financial service era with continuous innovation.

For more information contact:

Dragon Victory International Limited Public Relation Contact
Amanda Yang
Tel: +86-057182213772-610
Email: [email protected]