The board of directors of Million Stars Holdings Limited announced that Ms. Wang Fei has been appointed as an executive Director and Chief Executive Officer of the Company with effect from 5 September 2017. The Board announced that Mr. Zhu Yongjun has stepped down as the CEO of the Company with effect from 5 September 2017, but remains as Chairman of the Board and executive Director of the Company. The Board hereby announced that Mr. Tang Yau Sing has resigned as a member of Corporate Governance Committee of the Company with effect from 5 September 2017.

Ms. Wang Fei has been appointed as a member of Corporate Governance Committee of the Company with effect from 5 September 2017.