The board of directors of China Fordoo Holdings Limited announced that Mr. Zhang Longgen has tendered his resignation as an independent non-executive director of the company, a member of the audit committee of the company, a member of the remuneration committee of the company and a member of the nomination committee of the company with effect from 29 September 2017 in order to devote more of his time and dedication to his other business commitments. The board announced that Mr. Shen Li has been appointed as an independent non-executive director, a member of the audit committee, a member of the remuneration committee and a member of the nomination committee with effect from 29 September 2017. Mr. Shen, aged 33, is currently an executive director of Shanghai Songshan Business Consulting and Service Co. Ltd. From 2006 to July 2017, he worked as a senior manager in an international accounting firm and an international consulting company.