The board of directors of Leyou Technologies Holdings Limited announced that with effect from March 7, 2016, Mr. Hsiao Shih-Jin has been appointed as an executive Director and Mr. Yang Chia Hung has been appointed as an independent non-executive Director. Mr. Hsiao has engaged in the manufacturing, investment and internet gaming industry for over twenty years. He is currently the chairman of Iwplay World Interactive Entertainment Technology Co.

Ltd. Mr. Yang has over 20 years' experience in finance, banking and investment industry. Mr. Yang has extensive experience in finance industry and corporate finance, and has been a key player in a number of initial public offering cases. Mr. Yang previously served as the chief financial officer of Airmedia Group, E-commerce China Dangdang Inc. and currently serves as the chief financial officer of Tuniu Corporation.

Mr. Yang currently serves as an independent director and chairman of audit committee of Airmedia Group since 2013.