On July 10, 2017, the board of directors of KBS Fashion Group Limited appointed Mr. Zhongmin Zhang and Ms. Yuet Mei Chan as independent directors of the company. Ms. Chan was also appointed by the board as a member of the audit committee. Mr. Zhang has over 45 years of extensive experience in many facets of textile business, including in production, marketing, and management. Currently, Mr. Zhang is the president of Zhengzhou Guangda Textile Printing & Dyeing Co. Ltd. Ms. Chan has over 15 years of experience in the banking industry. She held several senior positions in a prestigious bank in Hong Kong from 2001-2016. She is currently a financial consultant at AIA and specializes in analyzing financial situations and market trends.