The board of directors of Min Xin Holdings Limited announced the following changes to the Board composition and an Authorised Representative of the company with effect from 12 April 2018: Mr. PENG Jin Guang has resigned as an Executive Director, the Chairman of the Board, and the Chairman of the Executive Committee and the Nomination Committee of the company due to other work commitments in Mainland China with effect from 12 April 2018. Mr. YAN Zheng has been appointed as an Executive Director, the Chairman of the Board, and the Chairman of the Executive Committee and the Nomination Committee of the company with effect from 12 April 2018. Mr. Yan, is currently the Secretary of the Party Committee, the chairman of the board of directors and the legal representative of Fujian Investment & Development Group Co. Ltd., which is a controlling shareholder of the Company. Subsequent to his resignation as an Executive Director, Mr. Peng has ceased to act as an Authorised Representative of the company with effect from 12 April 2018. Mr. Yan has been appointed as an Authorised Representative in place of Mr. Peng with effect from 12 April 2018. Following the appointment of Mr. Yan, Mr. IP Kai Ming has been appointed as an alternate Authorised Representative to Mr. Yan with effect from the same day.