The board of directors of China Sandi Holdings Limited and its subsidiaries announced that with effect from 5 February 2018, Mr. Yan Pingfeng has been resigned from his position as an executive Director of the company and Mr. Wang Chao has been appointed as an executive Director of the company. Mr. Zheng Jinyun has been resigned from his position as an independent non-executive Director of the company, and Ms. Ma Shujuan has been appointed as an independent non-executive Director of the company. On 1 January 2018, Mr. Wang has been appointed as the general manager of the Fujian Sinco Industrial Co. Ltd., an indirect wholly owned subsidiary of the company. Mr. Wang will be responsible for the overall operation for the various subsidiaries of the Group in the PRC. Ms. Ma is currently a practising lawyer of Beijing King & Capital Law Firm.