Mr. Jianming Hao resigned from his position as Co-Chief Executive Officer, Director and Chairman of the Board of Directors of Wins Finance Holdings Inc. and he was appointed President of the company. Concurrently therewith, the company's Board of Directors named Mr. Renhui Mu the company's Chief Executive Officer, Chief Operating Officer and Chairman of the Board and appointed Mr. Junfeng Zhao, the company's Chief Financial Officer, to the Board of Directors to fill the vacancy created by the resignation of Mr. Hao.