The board of directors of Silverman Holdings Limited announced that with effect from September 24, 2015, Mr. Tian Chengjie has resigned as an executive director of the company and Ms. Chen Chen has been appointed as an Executive Director. Mr. Tian has resigned as an Executive Director due to his other business engagements with effect from September 24, 2015 but he will remain as the secretary to the Board. Ms. Chen has more than nine years of experience in the field of finance and investment and has held position as a senior vice president of Beijing Ying Sheng Culture Investment Limited since February 2015.

Ms. Chen has entered into a service contract with the company for a term of three years commencing from September 24, 2015. She will hold office until and be eligible for re-election in the next annual general meeting of the company, and thereafter she will be subject to retirement by rotation and re-election at the annual general meeting of the company in accordance with the articles of association of the company.