The board of directors of HengTen Networks Group Limited announced that due to the work arrangement of Evergrande Financial Group, Mr. Peng Jianjun has resigned as executive Director, chairman of the Board, chairman of the Nomination Committee, member of the Remuneration Committee and the authorised representative of the company with effect from 24 June 2016. Mr. Peng has confirmed that he had no disagreement with the Board and there was no matter relating to his resignation that needs to be brought to the attention of the holders of the securities of the company. The board announced that Ms. Zhang Xiaohua has been appointed as executive Director, chairlady of the Board, chairlady of the Nomination Committee, member of the Remuneration Committee and the Authorised Representative with effect from 24 June 2016. Ms. Zhang Xiaohua has over 20 years of experience in the operation and management in the media and property industries. Ms. Zhang joined the Company in April 2016 as general manager. Prior to joining the Company, Ms. Zhang worked at Country Garden Holdings, New World China Land Group, Yangcheng Evening News Group and Pengda Group.