Yosen Group, Inc. announced on February 15, 2018, board and management changes. Hong Yang, Zinan Zhou and Shu Yu Poon were appointed as directors by the existing board. Ms. Yang has been executive director and general manager of Tianxinyang Industry LLC since December 2013 and vice chairman of Chengdu Tianxingyang Gold Industry LLC, since February 2000.

Upon the election of Ms. Yang, Ms. Zhou and Mr. Poon, the five directors then in office, Zhenggang Wang, Chenghua Zhu, Mingjun Zhu, Rongjin Weng, Wei Kang Gu, resigned as directors. Ms. Zhou has been chairman of Asia Capital Wealth Management (China) Co. Ltd. since 2012.

Zhanggang Wang, who was chief executive officer and chairman of the board, resigned as an officer. Weiping Wang, who was chief financial officer, resigned as an officer. Hong Yang was appointed as president.

Zinan Zhou was appointed as chief executive officer and treasurer. Shu Yu Poon was appointed as chief operating officer and secretary. Dongming Xing was appointed as chief financial officer.

Mr. Xing was chief financial officer of Asia Capital Wealth Management (China) Co. Ltd. from 2013 to January 2018. He was chief financial officer of Zhuhai Modern Classic Photography Design Ltd. from 2009 to 2013.

Mr. Xing received his degree in accounting from University of Science and Technology in Beijing. Mr. Poon has been a partner and general manager of two restaurants in Shanghai, Bo Shanghai, a Michelin rated restaurant, and Daimon since 2015. He was a partner and managing director of Hot Plate restaurant since 2012.

He was marketing manager from September 2013 until July 2014 and operations manager from July 2014 to January 2015 of Eu Yan Sang International Ltd.