The Board of Directors of Capinfo Company Limited announced that due to work arrangement, Mr. Lu Lei has resigned as executive director and member of Strategy Committee of the company. The above resignation will take effect after the conclusion of the extraordinary general meeting of the company to be held on 20 January 2017. As recommended by the Nomination Committee of the company, the board nominates Ms. Lin Yankun and Mr. Yu Donghui as candidates for election as executive directors of the company. Ms. Lin and Mr. Yu have given written notices to the Company indicating that they are willing to accept the nomination and election. Therefore, the Board proposes to present resolutions at the EGM to elect Ms. Lin and Mr. Yu as executive directors of the Company. The term of office of Ms. Lin and Mr. Yu shall commence from the conclusion of the EGM to the expiration date of the term of the sixth session of the Board. The board has resolved to appoint Ms. Lin Yankun as member of Remuneration and Appraisal Committee of the company and Mr. Yu Donghui as member of Strategy Committee of the company respectively with effect from the date of their appointment as executive directors to the expiration date of the term of the sixth session of the Board. Besides, the Board has resolved to appoint Dr. Feng Hao Cheng as member of Strategy Committee of the company with effect from the conclusion of the EGM to the expiration date of the term of the sixth session of the Board. Dr. Feng Hao Cheng will cease to act as member of Remuneration and Appraisal Committee of the company with effect from the conclusion of the EGM. Ms. Lin, aged 42, joined the company in November 2016 as secretary of the Party Committee. Before joining the company, Ms. Lin was the head of the discipline and supervision commission of Beijing State-owned Assets Management Co. Ltd. Ms. Lin has extensive experience in corporate management. Mr. Yu, aged 43, joined the company in June 1999, is currently the President of the company, and also the chairman of Capinfo Technology Development Co. Ltd. and executive director of Beijing Parking Management Centre Co. Ltd., being controlling subsidiaries of the company, mainly responsible for medical insurance information, social security card application. He has extensive first-hand experience in the management, operation and maintenance of large-scale projects.