On May 3, 2017, iFresh Inc. received a letter of resignation from Xiangke Fang pursuant to which Mr. Fang resigned as a director of the Company. Mr. Xiangke Fang indicated that his resignation was not the result of any disagreement with the Company on any matter relating to the Company's operations, polices or practices. Also on May 3, 2017, the Company's Board of Directors appointed Mark Fang to be a director of the Company. Also on May 3, 2017, Mark C. Fang was appointed to serve as a member of the Company's Audit Committee, Nominating Committee and Compensation Committee.