The board of directors of Peace Map Holding Limited announced that Mr. Guan Hongliang, an executive director and chairman of the Board has resigned as a chief executive officer of the company with effect from 4 January 2016 as Mr. Guan will focus on the development of long-term strategy of the Company which will require more of his time and effort. Mr. Wang Zheng, an executive director of the Company, has been re-designated as the chief executive officer of the company with effect from 4 January 2016.