The board of directors of Yihai International Holding Ltd. announced that Mr. Gou Yiqun has resigned from his positions as a non-executive director and member of the Remuneration Committee of the company with effect from 21 March 2018 to devote more time for business affairs which do not compete with the business of the company. The Board also announced that Ms. Shu Ping ('Ms. Shu') has been appointed as an executive director of the company with effect from 21 March 2018. Ms. Shu has been the director of Sichuan Haidilao Catering Corporation Ltd. since November 2014. She has been the non-executive director of Xinpai International Investment Limited since July 2015. As Mr. Gou resigned from his position as a non-executive director with effect from 21 March 2018 and he is no longer a member of the Remuneration Committee of the Company, the Board announces that Ms. Shu has been appointed as member of the Remuneration Committee of the company with effect from 21 March 2018.