The board of directors of China Innovationpay Group Limited announced that Yan Xiaotian has been appointed as an executive Director and the chief investment officer of the company with effect from 24 December 2014. Mr. Yan, aged 55, joined the company in April 2014 and acted as the chief strategy and investment officer of the company in April 2014; and acted as the chairman and legal representative of Beijing ONECOMM Technology Company Limited since December 2014.