The board of directors of Huisheng International Holdings Limited announced that on 24 November 2016: Mr. Yu Jishi has tendered his resignation as executive director and chief executive officer of the company with effect from 24 November 2016, due to his decision to devote more time to the business of the subsidiaries of the company in Mainland China; and Mr. Ding Jingxi has tendered his resignation as executive Director with effect from 24 November 2016, due to his decision to devote more time to the business of the subsidiaries of the Company in Mainland China. The Board also announced that with effect from 24 November 2016 following the resignation of Mr. Yu as executive Director, Mr. Yu has ceased to be a member of the nomination committee of the Board, and Mr. Chan has been appointed as a member of the Nomination Committee.