The board of directors of Binhai Investment Company Limited announced that Ms. ZHU Wen Fang has tendered her resignation as a non-executive director of the company with effect from May 4, 2018 to focus on pursuing other career development. Ms. Zhu confirmed that she has no disagreement with the Board and there is no other matter with respect to her resignation which needs to be brought to the attention of the holders of securities of the company.