Munsun Capital Group Limited announced that Li Xianghong has tendered resignation as the Chairman of the Board, Executive Director and Chief Executive Officer of the company, due to his other business engagements. Mr. Li also ceased to act as the Chairman of each of the Executive Committee, Nomination Committee and Corporate Governance Committee and a member of the Remuneration Committee as well as an authorized representative of the company. The board accepted Mr. Zhang Shuguang due to his other business engagements, has tendered resignation as an Executive Director of the company.

Mr. Zhang also ceased to act as a member of each of the Executive Committee and Corporate Governance Committee of the company with effect from 31 August 2017 and Mr. Yin Chenggang due to his other business engagements, has tendered resignation as an Independent Non-Executive Director of the company. Mr. Yin also ceased to act as the Chairman of the Remuneration Committee and a member of each of the Audit Committee and Nomination Committee of the company with effect from 31 August 2017. The board appointed Ms. Leung Lai Seung as Authorized Representative of the company with effect from 31 August 2017.