On June 25, 2015, Alex Chan, the Chief Financial Officer, Treasurer and a Director of Sino Payments, Inc. tendered his resignation as a director from the Company's Board of Directors and as Chief Financial Officer and Treasurer, effective as of close of business on June 30, 2015. Mr. Chan is retiring and he has no disputes with the Company over its business or financial affairs, internal controls or management practices. On June 25, 2015, the Board appointed Ms. Bella Tsang Po Yee, the Company's current Secretary, as its Treasurer and principal financial officer.

Her compensation arrangement will be determined at a later date. On June 25, 2015, the Board appointed Edmund Yeung Chun Wing as a member of the Board to fill the vacancy created by the resignation of Raymond Lee on April 10, 2015. His appointment is effective as of June 25, 2015.

There are no arrangements or understandings with any person pursuant to which Mr. Wing was appointed as a member of the Board.