China Success Finance Group Holdings Limited appointed Mr. Wang as an executive Director for a term of three years with effect from 4 July 2016 and Mr. Zhou as an independent non-executive Director for a term of three years with effect from 4 July 2016. Mr. Wang Xiong has over 20 years of experience in management, marketing, business analysis and investment. He was the founder of New Faith International Investment Limited which was incorporated in May 1997 and which made investments in various companies in Hong Kong, Mainland China and Japan across industries of finance, outdoor advertisement, telecommunications, media and technology, etc. He was an executive director and the vice chairman of Carnival Group International Holdings Limited. Mr. Zhou has been a director in Grandtopeak Land Consolidation Group Co,. Ltd., the chairman and legal representative of Beijing Zhong Di Land Consolidation Co,. Ltd., the chairman and legal representative of Beijing Guotai Balance Land Layout and Design Co,. Ltd., the chairman and legal representative of Beijing Hongtai Entrepreneurial Land Consolidation Co,. Ltd., the chairman and legal representative of Beijing Guoxing Weiye Land Consolidation Co,. Ltd., the chairman and legal representative of Beijing Guotai Pilot Sailing Boat Investment Co,. Ltd., the general manager and legal representative of Guotai Jinglu Investment Holdings Co,. Ltd. and the general manager and legal representative of Shandong Hengzheng Real Estate Development Co,. Ltd. since December 2007. The Board announced that it has re-designated Mr. Xu as an executive Director with effect from 4 July 2016. Mr. Xu was appointed as non-executive Director on 18 October 2013. Mr. Xu invested in Group as a shareholder of Success Guarantee in February 2001. Mr. Xu is the general manager of Foshan Success Industry Investment Company Limited, the director of Success Investment Holdings Company Limited and the director of Guangdong JiaYou Network Technologies Limited.