On January 27, 2016, the Board of Directors of China Senior Living Industry International Holding Corporation terminated the employment of Shengli Liu as the President of the company, effective immediately. On January 27, 2016, the Board appointed Zhongyang Shang as President of the company to fill the vacancy resulting from the removal of Mr. Liu. Zhongyang Shang has served as director and chairman of the Board since December 2015.

He also has served as director and vice manager of Shaanxi Yifuge Investments and Assets Co Ltd.