The board of directors of China Ludao Technology Company Limited announced that Mr. Tan Xiangdong has been appointed as an executive director of the company and deputy chairman of the board with effect from 22 May 2017. From May 2015 to April 2017, he was also appointed as an executive director and chairman of the board of directors of China Best Group Holding Limited which is listed on the Main Board of the Stock Exchange. He also was appointed as an executive director, a vice chairman and the chief executive officer of Heng Xin China Holdings Limited from 1 June 2016 to 23 June 2016.