The board of directors of China Qinfa Group Limited announced that Mr. XING Zhiying has tendered his resignation as an independent non-executive Director, member of the audit committee, member of the remuneration committee and member of the nomination committee of the company with effect from 21 September 2018 due to his health issues. Mr. XING does not hold any other positions of the company and the company's subsidiaries after his resignation. The Board also announced that Professor SHA Zhenquan has been appointed as an independent non-executive director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee of the Company with effect from 21 September 2018. Professor SHA is a member of the 12th National Committee of Chinese People's Political Consultative Conference. He was an independent director of Shenzhen Noposion Pesticide Co. Ltd. from December 2009 to December 2015 and an independent director of Sincap Group Limited.