The Board of Greatwalle Inc. announced that Li Mingming did not seek for re-election and has retired by rotation as an executive Director at the AGM due to his other personal commitments which requires more of his dedication. Song Xiaoming has been appointed as an executive Director according to the poll results of the AGM and has been appointed as the chairman of the Board and nomination committee of the Company respectively; and following the appointment of Song, Pang Xiaoli ceased to be the chairman of the Board and the Nomination Committee respectively but remains as an executive Director and has been re-designated as the chief executive officer of the Company. The Board comprises Mr. Song, Ms. Pang, Mr. Hon Hoi Chuen, Ms. Lin Shuxian, Ms. Guan Yan, Mr. Zhao Jinsong and Mr. Li Zhongfei.

Mr. Song acts as the chairman of the Board and Ms. Pang acts as the chief executive officer of the Company; The audit committee of the Company comprises Mr. Zhao Jinsong, Mr. Li Zhongfei and Ms. Guan Yan. Mr. Zhao Jinsong acts as the chairman of the Audit Committee; the remuneration committee of the Company (the "Remuneration Committee") comprises Mr. Li Zhongfei, Mr. Zhao Jinsong and Ms. Guan Yan. Mr. Li Zhongfei acts as the chairman of the Remuneration Committee; and the Nomination Committee comprises Mr. Song, Mr. Zhao Jinsong and Mr. Li Zhongfei.

Mr. Song acts as the chairman of the Nomination Committee.