China Teletech Holding, Inc. announced that on December 29, 2017, Jane Yu resigned from her position as Secretary and Director of the board of the company, effective immediately. Ms. Yu will continue her services as Chief Finance Officer of the company. There was no disagreement between Ms. Yu and the company on any matter relating to its operations, policies or practices.

The company appointed Pan Pan to be the Secretary of the Board of Directors, effective immediately, to fill the vacancy of the Secretary of the Board due to the departure of Ms. Yu. Since 2013 to present, Mr. Pan is serving as the Chairman of the Board of Shenyang Curtis Science and Technology Ltd. Mr. Pan will not receive any compensation for serving as Secretary and director of the Board of the company. Yankuan Li resigned from her positions as President, Chairman of the Board, Director of the Board, and Chief Executive Officer of the company, effective immediately.

There shall be no interim Chief Executive Officer. There was no disagreement between Ms. Li and the company on any matter relating to its operations, policies or practices. Company appointed Lei Chen to the Board of Directors, effective immediately, as a Director and Chairman of the Board of the company due to the departure of Ms. Li.

From 2016 to present, Mr. Chen is serving as the Chairman of the Board of Liaoning Shixitang Jewelry Sales Ltd. Mr. Chen will not receive any compensation for serving as a Director and Chairman of the Board of the company.