58.com Inc. announced the appointment of Mr. Frank Lin as the chairman of the nominating and corporate governance committee and the resignation of Mr. Jinbo Yao from his post as a member of the nominating and corporate governance committee. Mr. Jinbo Yao, chairman of the Board and chief executive officer of the company, has resigned as the chairman and a member of the nominating and corporate governance committee, but will continue to serve as the chairman of the Board.