The board of directors of MIE Holdings Corporation announced that Mr. Cai Rucheng has resigned as an independent non-executive director, member of audit committee, nomination committee and remuneration committee of the Company, with effect from November 13, 2015 due to his other business engagements which require more time for his dedication. The Board announced that Mr. Guo Yanjun has been appointed as an independent non-executive director, member of audit committee, nomination committee and remuneration committee of the Company with effect from November 13, 2015. Mr. Guo, aged 62, has extensive entrepreneurship experience and experience of corporate operation and management.

The Board announced that Mr. Wang Sing has resigned as a non-executive director, with effect from November 13, 2015 due to his other business engagements which require more time for his dedication; and accordingly, Mr. Hung Leung has also resigned as an alternate director to Mr. Wang Sing, with effect from November 13, 2015. The Board announced that Ms. Xie Na has been appointed as a non-executive director with effect from November 13, 2015. Ms. Xie, aged 39, is a vice president (investment) of Shanghai Life Insurance Company Ltd.