Mr. Victor YANG has tendered his resignation as an independent non-executive director with effect from 26 August 2015 because of other business engagements which require more of his dedications and time commitment. Upon his resignation, he ceased to be a member of each of the Audit Committee, the Remuneration Committee and the Nomination Committee of the company and the chairman of the Remuneration Committee of the company. Mr. YU Xubo ceased to be the chairman of the Board as well as the chairman and a member of the Nomination Committee of the company, and remains as a non-executive director; Mr. CHI Jingtao, a non-executive director, has been appointed as the chairman of each of the Board and the Nomination Committee of the company and ceased to be a member of each of the Audit Committee and the Remuneration Committee of the company; and Mr. Patrick Vincent VIZZONE, an independent non-executive director, has been appointed as the chairman of the Remuneration Committee of the company.