China Teletech Holding, Inc. announced that on May 25, 2018, Yuan Zhao resigned from his position as the Director of the Board, effective immediately. On May 25, 2018, the Board of Directors of the Company appointed Rongdong He to the Board of Directors, effective immediately, as a Director of the Board of the Company to fill the vacancy of the seats of Directors due to the departure of Mr. Zhao. Mr.He, age 37, worked as the Chief Risk Officer from 2012 to 2015 at DeQingDaTong Global Investment Management Co. Ltd., and has been the Chairman of the Board of Directors at ZhongXinDeSheng (Beijing) Asset Management Co. Ltd. since June, 2016, before joining the Company. Mr. He is experienced in the corporate risk management, risk control strategy, internal corporate control and governance, corporate relations communication and management, as well as business operation risk evaluation and assessment.