The board of directors of Jin Bao Bao Holdings Limited announced that Mr. Gui Shutao has been appointed as an Executive Director with effect from 14 October 2016. As at the date of this announcement, Mr. Gui has entered into the letter of appointment with the company, will hold office until the next general meeting of the company and will be subject to retirement by rotation and re-election pursuant to the memorandum and articles of association of the company.