The Board of Time2u International Holding Limited announced that with effect from 20 October 2016, Mr. Lin Zhiqiang has resigned as executive director, chairman, chief executive officer and member of remuneration committee of the Company due to personal health reason. The board also announced that Mr. Yang Xi ("Mr. Yang") and Mr. Zou Weikang ("Mr. Zou") have been appointed as executive directors of the Company with effect from 20 October 2016. Mr. Yang, aged 27, has years of experience in sales and marketing and obtained a Master degree in Computer Engineering from Guizhou University in 2014.

Mr. Yang did not hold any other directorship in any public listed companies during the last three years before the date of this announcement. Mr. Zou, aged 25, has years of experience in investment and finance. Mr. Zou did not hold any other directorship in any public listed companies during the last three years before the date of this announcement.

Mr. See Ching Chuen, an Executive Director, has been appointed as an Authorised Representative of the Company in place of Mr. Lin with effect from 20 October 2016. Mr. Yang, has been appointed as a member of the Remuneration Committee of the Company in place of Mr. Lin with effect from 20 October 2016.