The Board of Richly Field China Development Limited announced that, with effect from 21 March 2018 Dr. Wang has resigned from the position of the executive director, the chairman of the Board, the chief executive officer, the chairman of the nomination committee of the Board, the member of the remuneration committee of the Board, the authorized representative of the Company for the purpose of the Listing Rules and all offices in the subsidiaries of the company, and has been re-designated as a non-executive director, as Dr. Wang would like to devote more time to her other business engagement. The Board announce that, with effect from 21 March 2018, Mr. Ma, previously an executive director and the deputy chairman of the Board, has been appointed as the chairman of the Board, the chief executive officer, the chairman of the nomination committee of the Board, the member of the remuneration committee of the Board and the authorized representative of the Company for the purpose of the Listing Rules. In addition, the Board announced that, with effect from 21 March 2018, Mr. Chen, previously a non-executive director, has been re-designated from the position of a non-executive director to an executive director, and has been appointed as the vice president of the company. Dr. Wang was re-designated as a non-executive director of the Company on 21 March 2018. Dr. Wang has been serving as a president of the new industry, culture and tourism business department of and chairman of the board of directors of Latitude Investment Management Consultancy (Shanghai) Co. Ltd. During the period from January 2014 to January 2016, Dr. Wang acted as the director of the brand and information management center of Jeshing Group. Mr. Ma has extensive experience in mergers and acquisitions, capital operation, management
of large and diversified enterprises, and corporate strategic planning. Mr. Ma served as an inspector at Jiangsu Import and Export Commodity Inspection Bureau. Thereafter, until September 2000, Mr. Ma served as a reporter, deputy director of the editorial office and a deputy director of city channel at Jiangsu Broadcasting Corporation respectively. Mr. Chen has extensive experience in aspects related to project planning and construction management. He has been engaging in construction management since 1996 and was the chairman of Nanjing First Construction Engineering Group Company Limited from 2008 to 2013.