The board of directors of China Best Group Holding Limited announced that Mr. Li Yang has resigned as an executive Director of the company with effect from 19 June 2018 due to his other personal commitments. Immediately following his resignation, Mr. Li will cease to be the deputy chairman of the Board, the chairman of the nomination committee, the member of the executive committee and the remuneration committee of the company, and one of the authorised representatives of the company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, but will remain as a director of a wholly-owned subsidiary of the company. The Board further announced that, upon the recommendation by the Nomination Committee of the company, with effect from 19 June 2018: Ms. Wang Yingqian has been appointed as a non-executive Director, the chairman of the Board and the chairman of the Nomination Committee; and Mr. Liu Wei has been appointed as the chief executive officer of the company and the chairman of the Executive Committee. Ms. Wang is an independent director of ABC Life Insurance Co., Ltd, since March 2018. Since June 2014, Mr. Liu has been with Zhongrong International Trust Co. Ltd. as executive president in charge of its trust investment department, with responsibilities involving alternative asset management, merger and restructuring in capital markets, sector-specific funds, asset securitizations, structuring financing and other businesses.