The board of directors of New Century Healthcare Holding Co. Limited announced that as reviewed and approved by the Board, that Mr. GUO has been appointed as a non-executive director of the company and a member of the Audit Committee of the Board with effect from January 1, 2018. Mr. Guo is appointed to succeed Dr. HE Xin is a current NED of the Company who intends to retire from the Board on January 1, 2018 by reason of her desire to focus on her other work commitments. Dr. He has confirmed that she has no disagreement with the Board in any respect and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Following Dr. He's resignation from her position as an NED, she will also no longer serve as a member of the Audit Committee. Mr. Guo, aged 45, is currently a senior partner of CDH Venture and Growth Capital an investment fund established in 2015 focusing on healthcare, TMT (technology, media and telecommunications) and other innovation-based growth opportunities in the People's Republic of China (the "PRC"). Mr. Guo joined CDH Equity Investment Management (Tianjin) Co. Ltd. ("CDH Investments") in 2011 and serves as its executive director and manager director of operations responsible for investments in the medical sector. Mr. Guo also serves as a director of various medical companies in the PRC, including Nanjing Mingji Hospital Co. Ltd. Suzhou Mingji Hospital Co. Ltd. Mingji (Nanjing) Hospital Management Consulting and Zhejiang Dazhong Hospital (Group) Management Co. Ltd.