The board of directors of Branding China Group Limited announced that Mr. Fan Youyuan, Mr. Patrick Zheng, Mr. Huang Wei and Mr. Song Yijun have resigned as the executive Directors and Mr. Lin Zhiming and Ms. Hsu Wai Man, Helen have resigned as independent non-executive Directors with effect from 3 May 2018 (after trading hours) due to the change in control of the Company. With effect from 3 May 2018 (after trading hours), Mr. Fang Bin has resigned as the chairman of the company but remains as an executive Director.