The board of directors of Lianhua Supermarket Holdings Co., Ltd. announced that Ms. Qi Yue-hong has tendered her resignation as the general manager of the company, an executive director and a member of the strategic committee due to her adjustment in work allocation. The board also announced that Mr. Xu Tao has been appointed as the general manager, an executive director and a member of the strategic committee of the company. The appointments of Mr.Xu becomes effective after such appointment was approved at the Meeting ("Effective Date").