The board of directors of Kingbo Strike Limited announced that Mr. Peng Rongwu will cease to be the chairman of the Board and the chairman of nomination committee of the Board with effect from 1 March 2017. Mr. Peng will remain as the executive Director and authorised representative of the company. The Board announced that Mr. Liu Yancheng, an executive Director, will be redesignated as the Chairman and the chairman of the Nomination Committee with effect from 1 March 2017.