The board of directors of YuanShengTai Dairy Farm Limited announced that Mr. Wu Chi Keung has resigned as an independent non-executive director with effect from 28 September 2018 due to his other personal commitments. Following his resignation as an independent non-executive director, Wu ceased to be the chairman of the audit committee and a member of the remuneration committee and the nomination committee of the Board with effect from 28 September 2018. The Board also announced that Mr. Meng Jingzong has been appointed as an independent non-executive director with effect from 28 September 2018. Meng has also been appointed as the chairman of the audit committee and a member of the remuneration committee and the nomination committee of the Board with effect from 28 September 2018. Meng has served as an independent director of China Customer Relations Centers Inc. since September 2014. Since 2013, Meng has been the managing director of Beijing Songlin Xinya Financial Consultants Ltd. From 2007 through 2013, Meng served as chief representative of Sherb Consulting LLC Beijing Representative Office, and managing director of Sherb & Co, LLP. Mr. Meng is a member of The Chinese Institute of Certified Public Accountants (CICPA), and a Certified Internal Auditor (CIA) of The Institute of Internal Auditors.