The board of directors of China Shun Ke Long Holdings Limited announced that, with effect from 2 March 2018, Mr. He Jia Fu has resigned as the chairman of the Board and an executive Director, and ceased to be the chairman of the nomination committee of the company (the "Nomination Committee"), due to personal and other commitment. Mr. Li Zhongxu ("Mr. Li") has resigned as an executive Director, the chief executive officer of the company (the "Chief Executive Officer"), and ceased to be a member of the remuneration committee of the company (the "Remuneration Committee") and one of the authorised representatives (the "Authorised Representative") of the company under Rule 3.05 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), due to personal and other commitment. Mr. Lao Songsheng has resigned as a non-executive Director due to his other business engagements which require more of his dedications.

The Board also announced that, with effect from 2 March 2018, Mr. Wang Zheng has been appointed as an executive Director and the chairman of the Board and Mr. Mung Hon Ting Jackie has been appointed as an executive Director, the Chief Executive Officer and the Authorised Representative. Since February 2015, Wang Zheng was the secretary of the chairman of the board of directors of HNA Group Limited. Mung Hon Ting Jackie is currently a member of Hong Kong Youth Elites Association, Hong Kong United Youth Association Limited and Guangdong Youth Federation.