The board of directors of Long Ji Tai He Holding Limited announced that Mr. Liu Da has tendered his resignation as an independent non-executive director of the Company, chairman of the audit committee of the Company, members of the nomination committee and remuneration committee of the Company with effect from 16 October 2015 in order to devote more time and focus more on his personal business. The Board announced that Mr. John Wong Yik Chung has been appointed as an independent non-executive Director, chairman of the Audit Committee, members of the Nomination Committee and Remuneration Committee with effect from 16 October 2015. Mr. John Wong Yik Chung, aged 48, is a qualified accountant and has over 26 years of experience in auditing and corporate finance work, with extensive exposure to the business enterprises in the People's Republic of China.

He is the founder of Vantage Group and TMF China, which provide professional outsourcing solutions to companies investing in the PRC and targeting at international customers. The Board announced that Mr. Wang Hui has been appointed as the chief financial officer of the Company to fill the vacancy immediately upon the resignation of Ms. Zhen Xiaojing as CFO, both with effect from 16 October 2015. Ms. Zhen Xiaojing will continue to act as an executive Director, and her resignation as CFO is due to her desire to devote more time for commitments on the duties and responsibilities as a Director.

Mr. Wang Hui, aged 33, has over 11 years of experience in capital market, corporate finance and bank financing in Hong Kong and Mainland China. Prior to joining the Company, Mr. Wang has served in various financial institutions including Standard Chartered Bank, UBS, Credit Suisse and China International Capital Corporation where he has executed transactions on initial public offering, merger and acquisition, overseas bond offering and overseas bank financing. Mr. Wang Hui will be primarily responsible for the capital market and financial management of the Company.