Tianyun International Holdings Limited announced that pursuant to the Share Transfer Agreement, the Purchaser shall nominate two new Directors (one of which shall be appointed as the chairman of the Board and one shall be appointed as the chairman of the nomination committee). The Board has reached the consensus that, in light of the recent business circumstances and development needs of the company and its subsidiaries: Mr. Yang Ziyuan will remain as the chairman of the Board and chairman of the nomination committee for a period of two years commencing from 1 January 2019, unless resolved otherwise; Mr. Wang Hu will be appointed as a member of the nomination committee and a member of strategic development committee with effect from 1 January 2019; and each of Mr. Liu Zhumeng and Mr. Ho Ho Tung Armen will be appointed as a member of the strategic development committee with effect from 1 January 2019. Mr. Ho Ho Tung Armen is now serving as the chief financial officer and Board secretary of the company. The Board would like to welcome Mr. Yang to remain as the chairman of the Board and chairman of the nomination committee, Mr. Wang to join as a member of the nomination committee and strategic development committee and Mr. Liu Zhumeng and Mr. Ho Ho Tung Armen to join as members of the strategic development committee.