The board of directors of China Yurun Food Group Limited announced that Mr. Yang Linwei and Mr. Yao Guozhong have been appointed as executive directors of the company with effect from 20 June 2016. Mr. Yang Linwei, aged 47, joined the Group in March 1996 and is a vice president of the group. He is responsible for the downstream processed meat business. Mr. Yang has approximately 20 years of experience in the meat products industry. Mr. Yao Guozhong, aged 46, joined the group in September 2002 and is responsible for the upstream slaughtering business. Mr. Yao was the general manager of various subsidiaries of the company and has approximately 14 years of experience in the meat products industry. The board also announced that Mr. Ge Yuqi has resigned as an executive director of the company, due to his reaching the retirement age of 60, with effect from 20 June 2016. The Board and Mr. Ge confirmed that they have no disagreement with each other and there is nothing relating to Mr. Ge's resignation which is required to be brought to the attention of the shareholders of the company.