The board of directors of Winsway Enterprises Holdings Limited announced that Mr. Wang Xingchun has tendered his resignation as an executive director, chairman of the Board and the chief executive officer (CEO') of the company with effect from 16 November 2015. Mr. Wang has been absent from the Board for a prolonged period. He has now formally informed the Board of his resignation from the Board and his relinquishment of the roles of CEO and chairman of the Board with effect from 16 November 2015 in order to take care of his personal affairs.

As a consequence, the Board announced that Ms. Cao Xinyi will be appointed as CEO of the Company with immediate effect. Pursuant to the articles of association of the company, the Board will elect a chairman at its future meetings on an ad hoc basis following the resignation of Mr. Wang until a new chairman of the Board is elected. The Board announced that (i) Mr. Feng Yi has been appointed as an executive director of the company; and (ii) Ms. Cao Xinyi has been appointed as the CEO of the company, each with effect from 16 November 2015.

Mr. Feng, is currently the vice president of the company. Mr. Feng joined the company in July 2013 and was mainly responsible for the company's capital and bank financing related works. Ms. Cao, is currently the executive director, CEO designate and the company secretary of the company.

Ms. Cao joined the company in 2009.