The Board of Directors of Beijing Capital Juda Limited announced that Mr. Tang Jun has resigned as chairman of the Board, executive Director and the chairman of the Nomination Committee due to work allocation. The board further announces that Mr. Zhong Beichen was elected as chairman of the Board and was appointed as the chairman of the Nomination Committee with immediate effect. Due to work reallocation, Mr. Zhong has resigned as a member of Investment Committee and Authorised Representative; and Mr. Feng Yujian ("Mr. Feng") has been appointed as an executive Director, chief executive officer of the Company, a member of Investment Committee and Authorised Representative with immediate effect.

Mr. Zhong Beichen, aged 42, was appointed as an executive Director and chief executive officer of the Company in December 2013 and is also the director of certain subsidiaries of the Company. Mr. Feng Yujian, aged 43, was appointed as vice president of the Company from March 2015. He is also the director of certain subsidiaries of the Company.