The Board of China Maple Leaf Educational Systems Limited announced that Mr. Shu Liang Sherman Jen, the co-chief executive officer of the Company, has been re-designated as the sole chief-executive officer of the Company following the resignation of Mr. Zhenwan Liu, the other co-chief executive officer with effect from 15 August 2016. Mr. Jen will be primarily responsible for executing the Group's development strategies and managing the Group's business operations. Mr. Jen is also the chairman of the Board and chairman of the nomination and corporate governance committee of the Company.

The Board announced that Mr. Zhenwan Liu, aged 60, who joined the Group in March 2014 has resigned from his position as an executive Director, vice chairman of the Board, president and co-chief executive officer of the Company with effect from 15 August 2016 due to his health reason.