The board of directors of Time2U International Holding Limited announced that Mr. Lin Zhiqiang, the chairman and an executive Director of the company, has been
appointed as the chief executive officer of the company with effect from 24 September 2015. Mr. Lin Zhiqiang is an executive Director and the chairman of the company
and holds certain positions in the subsidiaries of the Group. He is responsible for the overall strategic planning and business development of the Group. He was appointed
as the chairman of the Board and an executive Director with effect from July 2014. The Board announced that Mr. Zheng Qingjie has been appointed as an executive Director of the Company with effect from 24 September 2015. Mr. Zheng, aged 47, has joined the Group since the Group was founded and contributes to the growth of the Group for 20 years. He is primarily responsible for the brand promotion and e-commerce of the Group. The Board also announced that with effect from 24 September 2015, Ms. Yan Xiaotong has resigned as the CEO and executive Director of the company so as to devote more time for her personal commitments. Despite Ms. Yan resignation as executive Director and the CEO, she remains as the director of Hong Kong Jiulongjiu Limited, the company's subsidiary. The Board also announced that with effect from 24 September 2015, Mr. Dang Shuguo has resigned as executive Director of the company so as to devote more time for his personal commitments.