The board of directors of PPS International (Holdings) Limited announced that with effect from 20 June 2016, Ms. Li Qingchen has resigned as a non-executive Director in order to devote more time to his other business commitments and engagements. The board announced that with effect from 20 June 2016, Mr. Ye Jingyuan has been appointed as a Chief Executive Officer and an executive Director. Mr. Ye, is a chartered financial analyst of the Chartered Financial Analyst Institute.

During the period from November 2007 to June 2016, he was served as a vice president at Bank of America Merrill Lynch, London. From August 2006 to October 2007, he was served as an associate accountant at Ernst & Young LLP, London.