Zhejiang Chang'an Renheng Technology Co., Ltd. tendered his resignation to the Board of the Company as an executive Director of the company. Ms. Zhang Jinqin xhas tendered her resignation to the Board of the company as a non executive Director of the company. Mr. Wang Xiangyao will retire as an independent nonqexecutive Director of the company, the chairman of the remuneration committee and a member of the nomination committee of the Board with effect after the conclusion of an annual general meeting.

Ms. Zhang Jinhua will be appointed as a non executive director of the company with effect from passing of the resolution approving the appointment thereof at the annual general meeting. Mr. Vhau Kam Wing Donald will be appointed as the chairman of the remuneration committee and a member of the nomination committee of the Board with effect after the conclusion of an annual general meeting.