The board of directors of China Ludao Technology Company Limited announced that Mr. Han Jianhua has tendered his resignation as an executive Director and has been appointed as a consultant of the company with effect from 1 August 2015. The reason for his
resignation was due to health issues. Mr. Han has confirmed that he does not have any disagreement with the Board and there are
no matters in respect of his cessation from the above position that needs to be brought to the attention of the shareholders of the Company or/and the Stock Exchange of Hong Kong Limited. The Board announced that Mr. Chen Baoyuan and Ms. Wang Jinfei
have been appointed as the executive Directors of the Company with effect from 1 August 2015. Mr. Chen, aged 43, joined the Group in November 2014 and is currently the chief financial officer of the Group. Ms. Wang, aged 44, is currently the administrative manager of the Group and is responsible for the daily administrative operation of the Group in Hong Kong since January 2014. Prior to joining the Group, Ms. Wang worked as the general manager of Taizhou Yizhou industrial Co. Ltd. from June 1992 to February 1998.