The board of directors of Silver Base Group Holdings Limited hereby announced that, due to his intention to devote more time to his personal endeavours, Mr. Wang Jindong has resigned as an executive director and the chief financial officer of the company with effect from 14 July 2017. Mr. Wang has been appointed as a consultant to the Group upon his resignation as an executive director and the chief financial officer of the company. Meanwhile, the Board announced that, Ms. Chen Xiao Xu has been appointed as an executive director and the chief financial officer of the company with effect from 14 July 2017.

Prior to joining the company, she had worked for accounting firms, accounting consulting firms and a foreign-invested resort in Vietnam and was then responsible for auditing and finance related works. She accumulated 17 years of experience in finance related works. Ms. Chen Xiao Xu was appointed as an executive director and chief financial officer of the company on 14 July 2017.

Furthermore, the Board also announced that, Mr. Yan Jun, the chief executive officer of the Group, has been appointed as an executive director of the company with effect from 14 July 2017.