The board of Jin Bao Bao Holdings Limited announced that with effect from August 11, 2017, Ms. Xie Yan (Ms. Xie) has resigned as executive Director due to her other business commitments. The Board announced that with effect from August 11, 2017, Mr. Lee Chi Hwa, Joshua (Mr. Lee) and Mr. Chan Chun Kau (Mr. Chan) have resigned as independent non-executive Directors due to their other business commitments. The Board announced that Mr. So Stephen Hon Cheung (Mr. So) and Ms. Man See Yee (Ms. Man) have been appointed as an independent non-executive Directors with effect from August 11, 2017. Mr. So Stephen Hon Cheung has been a director of an accounting firm T.M. Ho So & Leung CPA Limited since August 2003. Currently, he is the chief financial officer and company secretary of Ying Kee Tea Company Limited. Mr. So has over ten years' experience in the accountancy field and several years' experience working as the chief financial officer of CY Oriental Holdings Limited and the finance director of Jetion Holdings Limited, both in the manufacturing industry. Mr. So has been an associate member of the Institute of Chartered Accountants of British Columbia since December 1985 and a member of the Society of Management Accountants of British Columbia since October 1991, and has been a fellow member of the Hong Kong Institute of Certified Public Accountants since July 1993. The Board announced that upon the resignations of Mr. Lee and Mr. Chan, Mr. Lee ceased to be the chairman of both the audit committee of the company (the Audit Committee) and the nomination committee of the company (the Nomination Committee) and a member of the remuneration committee of the company (the Remuneration Committee) and Mr. Chan ceased to be the member of the Audit Committee, Nomination Committee and Remuneration Committee. The Board further announces that upon the appointments of Mr. So and Ms. Man, Mr. So has been appointed as a member of the Audit Committee, Nomination Committee and Remuneration Committee and Ms. Man has been appointed as the chairman of both the Audit committee and the Nomination committee and a member of the Remuneration committee with effect from August 11, 2017.