The board of directors of SMI Culture & Travel Group Holdings Limited announced that Mr. LI Kai has been appointed as an executive director with effect from 9 March 2018. Mr. Li graduated from the Postgraduate School of the China Academy of Social Sciences. Mr. Li has over 20 years of experience in corporate management both in the People's Republic of China and the United States. Mr. Li is not appointed for a specific term and he is subject to retirement by rotation and re-election in accordance with the bye-laws of the Company. The Board also announced that Mr. YUAN Xin and Mr. KONG Dalu have tendered their resignation as an executive Director of the Company with effect from 9 March 2018. Both Mr. Yuan and Mr. Kong have confirmed that their resignation are due to concentration on their other business commitments and they have no disagreement with the Board. Following the resignation of Mr. Kong, he has ceased to act as an authorised representative of the Company under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and an authorised representative for accepting service of process and notices on behalf of the Company in Hong Kong ("Process Agent") as required under Part 16 of the Companies Ordinance, Chapter 622 of the Laws of Hong Kong. The Board announce that Mr. Li has been appointed as the Authorised Representative and Process Agent in replacement of Mr. Kong with effect from 9 March 2018.