The Board of Jiu Rong Holdings Limited announced that Mr. Chen Guowei has tendered his resignation as Independent Non-executive Director, the chairman of the Audit Committee, member of the Remuneration Committee and member of the Nomination Committee of the company with effect from 6 June 2017 due to devotion to his personal business development. Yuan Qian Fei will be re-designated as chairman of Audit Committee and member of the Remuneration Committee with effect from 6 June 2017. Yuan is a member of the Chinese Institute of Certified Public Accountants and has extensive experiences in internal audit, accounting and business management. Wang Ning will be appointed as Independent Non-executive Director, the chairman of the Remuneration Committee, member of the Nomination Committee and member of the Audit Committee of the company with effect from 6 June 2017. Wang was a non-executive director of China Public Procurement Limited from 15 September 2011 to 30 September 2016.