Kangyue Technology Co., Ltd. at its EGM held on August 30, 2016, approved the election of Guo Xiaowei, Yang Jinyu, Guo Lunhai, Zong Jun, Sun Jinhui and Zheng Shufeng as non-independent directors and the election of Zhang Yangjun, Lu Jiangyong, Qin Xuechang as independent directors.