The board of directors of China Qinfa Group Limited announced that Mr. HUANG Guosheng ("Mr. HUANG") has tendered his resignation as an independent non-executive Director, member of the audit committee (the "Audit Committee"), chairperson of the remuneration committee (the "Remuneration Committee") and chairperson of the nomination committee (the "Nomination Committee") of the Company with effect from 3 April 2019 due to his health issues. Mr. HUANG does not hold any other positions of the Company and the Company's subsidiaries after his resignation. Mr. HUANG confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board also announced that Mr. JING Dacheng (the "Mr. JING") has been appointed as an independent non-executive director, a member of the Audit Committee, member of the Remuneration Committee and member of the Nomination Committee of the Company with effect from 3 April 2019. Pursuant to the appointment letter entered into with Mr. JING, he has been appointed for an initial term of three years commencing from 3 April 2019. Mr. JING will be subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. The Board also announced that Professor SHA Zhenquan (the "Prof. SHA") has been appointed as chairperson of the Remuneration Committee and the Nomination Committee of the Company with effect from 3 April 2019.