The board of directors of RENHENG Enterprise Holdings Limited announced with great sadness that Mr. Wei Sheng Peng, the Chairman, the Chief Executive
Officer and an executive director of the company, passed away on 3 May 2016. The Board announced that due to the passing away of Mr. Wei, Ms. Liu Li was appointed as the Chairman of the Board and the CEO of the company in place of Mr. Wei with effect from 4 May 2016. Ms. Liu, is an executive director and authorised representative of the company and is responsible for overseeing the human resources and administration functions of Group. Ms. Liu has been responsible for overseeing the operation of Bao Ying Ren Heng Industrial Co. Ltd. Ms. Liu is also responsible for the treasury, human resources and administrative functions of the company.