China Internet Nationwide Financial Services Inc. announced changes to its Board of Directors with the appointment of Buting Yang as director of the Company, effective October 16, 2017. On October 16, 2017, Mr. Kam Cheng Leong tendered his resignation as director of the company, Chairman of the Nominating and Corporate Governance Committee and member of both Audit Committee and Compensation Committee of the company. Mr. Leong's resignation was for personal reasons and was not a result of any dispute with the company. The Board accepted Mr. Leong's resignation with immediate effect. On the same day, the Board resolved to appoint Buting Yang to replace Leong in the abovementioned capacities, effective immediately. Mr. Yang has held a number of senior leadership positions in a variety of institutions in the media industry of China. He has been a director of and technology counsel to the China Film Association since 2000. From 2000 to 2007, Mr. Yang served as president of China Film Group Corporation. From 2000 to 2017, he served as independent director of Zhejiang Talent Television & Film Co. Ltd.