Hartford Retirement Network Corp. announced that in connection with the Closing and pursuant to the terms of the SPA, Mr. Lianyue Song resigned his position as Chief Executive Officer of the company and Messrs. Aaron Schottelkorb, Weizhong Chen and Gesheng Lu resigned as directors of the company, effective immediately.

In connection with the closing and pursuant to the terms of the SPA, the Board appointed Ms. Ziyun Xu to serve as the company's Chief Executive Officer and as Chairman of the Board of Directors and Messrs. Haixiang Shen and Peigeng Xu to serve as directors of the Company. Ms. Ziyun Xu is the president of HQDA International Investment Holdings Ltd., Shanghai Zhonghuiai Wufu Investment Group, Guangdong Wugufushuo E-commerce Ltd., Sichuan Mianyang Wufu Ecological Tourism Co., Ltd, ZHA Wu Fu (Shanghai) Hotel Management Co.

Ltd., China Elderly & Ecological Development Foundation Fund. In 2012, she established the senior retirement services and organized her own team to implement her innovational concept of the retirement model of the 'Zero input'.